Just found this post since I was out of town yesterday and thought I would throw my my $.02 opinion in, I hope that it is a non-biased fair one since I am not a fan boy of any system as I have most of the old and new ones. First of all l would like to throw the DC in the mix for right now, as it is IMO the best system out right NOW, including the PS2 that I do own, the DC for the money and the deals going on right now is great, I mean there are many great tiles out for it and the graphics on these 2nd and 3rd gen games are better than most on PS2 and there are more games coming out as long as there is demand, I talked to a Sega rep a couple days ago and he said they were developing for the DC for 2 more years or as long as there was demand.
The PS2 just doesn't have anything earth shattering out for it yet, will it? Yes probably so but for Sony it may be too late for them when the good stuff starts coming out since the Gamecube will be out and maybe the Xbox too. But you can't count the PS2 out because there is a large user base out there and with the newer dev kits the games are getting easier to develop for the PS2. Then again Sony may have somewhat of an advantage kind of like the DC does now like I said earlier because when the GC and Xbox come out then Sony will have some good 2nd gen games to compete with. As far as the GC and Xbox I believe the winner here will be who launches first and price will be an issue, launch date though is the key and I believe it will be Nintendo, since the big N has set a date and we are starting to hear rumblings of MS possibly delaying the launch particularly in Japan.
As far as HW comparisons looking at the numbers, some may put MS ahead of Nintendo but as was posted earlier the raw CPU and graphics speed numbers don't tell the whole truth, the Gecko spin-off processor should be more than adequate for rendering video for a dedicated games console just as the P3 will be for the Xbox, and remember these consoles are IMO not much more than vaporware specifically since MS keeps downgrading the numbers, also there is NO way the Xbox will render the Polygons MS claims in a playable mode, it may do so in a lab with a pre rendered demo running with all the effects off but who plays games like that, not me. Another thing I think MS has going against them is the cost of the system, they may be loaded with $$ but they aren't going to give it away even though most console mfrs have taken losses and have made up for them with the games, but I believe MS would have to take huge losses in order to keep the price of this thing competitive to the GC or even the PS2. I don't see how it could sell for less than $400 and at that they would be losing $ and for a lot of gamers particularly kids that is too much money to spend on a game console. All in all what is important is the games and with Sega jumping on the wagon with Nintendo more so than with the others I believe they will win and I think the Xbox will fail, I hope they don't because I want one but I just believe it will so I say Nintendo wins. Atari 2600 comes in second.