I love how everyone hates on the PS3 now.
Yes it is expensive, yes the game selection is limited, but it is a new product...just give it time, guys.
I got a PS3 a few weeks ago, and it performs better than my roommate's 360 (Madden) graphics wise. The bottom line is the PS3 is not only more powerful than the 360, but offers additional features that one would need to pay extra for to utilize on the 360 (HD-DVD/Blu-Ray, Bluetooth, wifi). Additionally, the PS3 online service is free. Granted, these features may not justify the price difference for all, but those who do purchase based on these differences should not be ridiculed for it.
The PS3 is a nice system, so is the Xbox, but for all of you guys to sit here on this forum dumping on something you may have never played nor seen is ludicrous.