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I'd buy an XBox360 for $200 with free wifi and free online gaming.

I'd buy a Wii for $150 with a free motion-plus thing.

I bought my 60 GB PS3 for $500. I paid that premium because I wanted backwards compatibility, and it was going to be my main console. No way I'm spending $300-400 on every console in a single generation. Conversely, if I were looking to buying an XBox360 right now as my sole console, I'd buy it at it's current price ($300 60GB, $100 wifi, $200 for 4 yrs XBox Live).