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I bought my 360 in the first 2 weeks it was out. I never have, nor never will stand in line to buy any product.

Would I buy a current model, now? No. Will I buy a better 360 when they are $299 (Jasper)? Yes.

Once the reliability concerns are truly fixed, I will buy another one (mine is going out).

I am a working professional with a lot of discretionary income however, so cost is not that big of a deal (value always is). If I was on a budget, I am not sure $350 for a 360 would be worth it. For just a little more you could get a PC that play's 90% of it's exclusives, and plays them better.

I have a new higher end PC (quad core, 4 gig of ram, ATI HD 4850), so the only games I really care about on the 360 at the moment, is LO, Gears 2, and Fable 2. For me, those games and the library I already have warrant the 300 price tag. If I was starting from scratch, and looking at a $350 60 gig vs PC, I would not buy a 360.