Well there are 3 major problems with the PS3, price, games and features:
Price: $600 is too expensive for many people, especially when the console has (at least right now) little percieved value due to the lack of games and the unneccessary BR player (it looks pretty but its not the leap foreward like DVD was). When the other two problems are fixed then price becomes less of an issue but still, being the most expensive console (by far) is not a good start.
Games: Other than Resistance and to a degree Motorstorm there is very little in terms of exclusive games out to get excited about. The 360 launched with major titles like PGR3, PDZ, Kameo and was quickly followed up by titles like Oblivion, DoA 4 and GRAW. The PS3 right now has had other than the aforementioned Resistance and Motorstorm nothing (if you wanted oblivion you'd have bought a 360 or PC), and that trend seems to be continuing into July where the questionable Lair comes out. Simply put, the PS3 is not selling as a game console, which leads to the last point...
Features: Now most people think the PS3's features are its strong point. I disagree. For one while the "cheap BR player" label has sold units, I think its turned off a number of potential buyers as well. There is very little market penetration for HDTVs, so there is no need for the jump to an HD format, as shown by the downright poor sales of both HD-DVD and BR players. Why spend $600 on the "true HD experience" when you're going to be hooking it up to a 27" 480i TV? On that note, there are a number of people (myself included) who aren't going to touch either format until ones piling up beside the betamax players at the local dump.
Also there are features like built in wireless, card readers, folding@home, free online, web browser etc. Are the cool features? Absolutely, but competely unneccessary. They sound cool and you might even use them, but they are in no way system sellers.
And you misspelled the word, well, misspelled while making fun of someone for misspelling a word.. The irony is delicious.
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