Do you think it buying a console at launch is good or bad

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I'm on 3 consoles at launch so far. Gamecube, Wii & WiiU. Don't regret getting them.

All others were bought 1yr or so after launch. After either my parents got me it due to being too young (Master System, MegaDrive & Playstation) or until a game appeared that I wanted to play (Xbox360 & COD4)

I think it depends on if:

1 - There are games you want to play.
2 - Features (Xbox Live, Gamepad etc)
3 - Price
4 - If friends are also getting one.

I personally only buy Nintendo consoles at launch and wait to see which other one takes my fancy.