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Impulsivity said:

also the PS2 didn't get under 199 by neutering features and releasing a PS2 lite which had only half the functionality of the normal PS2.  199 for a full featured console is different then 199 for the version that is missing key components.

 

normal PS2 is like 10% of what the 360 arcade is capable of. 360 Arcade at 199$ is >>>>> value than PS2 at 199$. Game wise, 360 is the more varied and larger library (minus junks and crappy games that Wii has inhereted) as PS2 was.