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I think the PS3 came out of the gate WAY overpriced. The 360, not so much, regardless how many might argue that the PS3 is a much better value for the money. All 3 consoles are primarily gaming machines, so having Blu-ray is nice for the storage and for those who want a do-all unit, but I personally prefer a standalone unit for watching movies (less power, heat, noise, space, etc.).