i think depending on the situation 

like if the console is at least below 400 dollars and have some good launch games then yeah i see no reason why not to buy a console at launch

500 dollars or more with only a few games at launch just shows me how bad you are with money

I have made a vow to never buy any product of any kind at launch. After seeing the past six console and handheld launches, I think I'll stick to it.

i doubt if i'd buy a console at launch, but if i did it'd have to be the right price otherwise i'd wait 3 yr.'s

especially sony the PS3 hands down had the worst launch this gen and we don't even need to talk about the vita 

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.

I don't think it's bad, but I wouldn't do unless it's launched with at least seven good games to hold me over until the games really start pumping out.

Buy one at launch with a warranty. At least in the US retailers generally sell a 3 year extended warranty. I'll be doing that with the new xbox for sure.

Depends. I bought a car 2 times at day one and never regretted it.

Bad, launch phat PS3 high failure rate, launch xbox 360 exceedingly high failure rate. launch PS2's High failure rate!

Plus not many games.

so true it makes me wonder how many people are excited for next gen are actually buying or realize what they are asking for in specs