Value is a very personal and very subjective thing. Is a bottle of scotch worth $80? It is to me, I like scotch. But it may not be to someone who prefers a different spirit or who doesn't like to drink. Just as an example.
If there aren't enough games that excite you, then you should absolutely hold off. Period. We can go round and round about tech specs and frame rates, terraflops and triangles, it's all meaningless if it isn't in service of a game that you really want to play. Hopefully something that really sets you ablaze.
I was planning to get a PS4 at launch after E3 and after the ONE-80 I was interested in the X1 as well. Both showed some games I was really eager to play. With so many delays though, I'm likely going to put off my PS4 until InFamous is on the market or maybe Christmas. I need to discuss gift options with my family. If they were looking for a gift for me, the PS4 would be ideal. I could get it for Christmas and play Black Flag and Killzone up until February.
The X1 has more software that I want on day one, so I'll still be getting that one for sure. But that isn't a decision I'd recommend to everyone. Dead Rising happens to be my favorite franchise so skipping it for even a month isn't something I'd choose to do. And Forza is my favorite racing game and routinely offers me many many hours of digital joy each time a new installment comes to market. Add in a new entry in one of my favorite fighting game franchises and a quirky Roman themed actioner and the lineup looks to have enough experiences going for it to really keep me playing and excited for a while.
But it's up to you to weigh the options and come to the conclusion. I'm certainly not going to try and sell you on a new one if you're not interested and I'm not going to try and talk you out of it if there are launch titles that are setting your pants on fire. Good luck deciding. :)
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