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If it released earlier some of it's features wouldn't have been included (blu-ray in particular) and it might have been more likely for faults to occur like X360, PS2 and PS1.

If it released at a lower price it again would not have had features.

If it released with the hardware making profit then either the above could not happen, or it would lose even more features.

Last year the Wii was commonly selling for the same or more than the PS3 through ebaying gits.

And the Wii has been consistantly outselling the PS3 by just over 2:1, despite whatever price-cuts came and went for the PS3.

Saying "Sony should have launched with better titles" is not exactly a revelation, I could say the same of any system.