Unfortunately for the PS3, the launch games were crappy and they still don't have much to offer besides the best blu-ray on the market for the cheapest price. However, because of the superior technology that the processor has and the ability of blu-ray discs to hold incredible amounts of data, game developers will be able to make revolutionary games (as expected they won't be out for 1-2 years after launch). Just as the WII is revolutionary with its control style, the PS3 will revolutionize the way games are played with content and incredible visuals. If you look at the upcoming games for the PS3 there is a potential of 5-10 blockbuster games being released between fall '07 and summer '08. On top of these games, PS3 gives you streaming media content and dozens of other features that can't be discussed in a short post. PS3 is worth every penny (and a lot more) if you know anything about digital hardware. The technology featured in the WII and XBox360 will be outdated in about a year (now for the WII), but the PS3 is so advanced that its power has yet to be tapped into. When the PS3 is still reigning supreme over Microsoft and Ninentdo's NEXT gen (after WII and 360) Sony will be laughing in the faces of everyone who questioned their strategy.

I have 2 things to say to anyone who thinks this system is overpriced. Ignoring 90% of the PS3 functionality:

1) Cheapest Blu-Ray (soon victor over HD-DVD) player on the market

2)iPhone = $500 or $600 and does virtually nothing compared to the PS3...you do the math