For new 360 buyers, the new elite will be the way to go.  For current owners, their systems are just fine.  For me, I don't really need to upgrade to Elite since I use component connections on my HDTV and I don't need a larger hard drive since I don't download much video content (I live in Canada so we don't get all the shows and movies).  I would consider buying an Elite when they use the new 65nm chip for more stable and quieter performance.

My one concern is that the movie industry will implement the ICT (image constraint token) which limits HD-DVD playback to 480p over component.  This hasn't been implemented yet since so many early HDTV adopters use component connections.  But if it is implemented, I will basically be forced to buy the new Elite version so that I have HDMI for watching HD-DVD's on my HD-DVD drive.  Since both HD-capable consoles will have HDMI, it is possible that the movie industry could move toward using the ICT in the next year or two.  Other than that, there's no reason to upgrade.

If the game does use more than one disc:

I'd like to see the option of installing game content on the hard drive so that hard drive owners can take advantage. People who don't own hard drives would have to run off discs (and swap occasionally), but hard drive owners could just play with one disc in the drive and run the rest of the content off the hard drive like PC gamers do. This is a pretty common option in a lot of PC games. I don't see why it wouldn't be possible in 360 games.

I don't really see the Wii as a true competitor against PS3 and 360.  It's a totally different market segment.  Many casual gamers that just won't spend +$500 on a console will spend a few hundred for a simpler system for the family.  Many hardcore gamers will buy both the Wii and another console.  So they're not really competing against each other.

The Wii will do great because it emphasizes fun, playing together, and it's very accessible to people who know nothing about video games.  I have friends who really struggle with FPS games like Rainbow Six on my 360 as they just can't get a hang of the whole complexity of controlling movement and aiming simultaneously with their thumbs.  For me, it's easy because I'm used to it.  But for them, a Wii is just so easy and accessible as they can just aim instinctively.  Still, these friends would never buy a 360 or PS3 in the first place since most games are just too complicated for them.

 I suppose if the 360 or PS3 came out with a similar control device (I know SixAxis has motion sensing, but it's not the same) as the Wii with a similar range of games, they could then perhaps be considered competition.  But atm they just aren't competing for the same consumers.  I'll probably pick up a Wii later this year for my family and perhaps for times when friends are over, but I'll keep playing my 360 the majority of the time.

We will have to wait. My guess is that Sony will have a time exclusivity if not the whole exclusivity. Because really lately Namco has been giving Sony product lots of support, well, not support but games.

And to the retarded freak who said 3 million. Please do us a favor and crawl back to the whole you came from. Really. Stupid posts like yours are making the forums look like kindergardens.
kenshinhimura16