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Blu Ray

Cell I discount as although it is undoubtedly powerful after 3 years Dev time it still can only match the older but more traditional architecture in the 360.

Removable Hard Drive - minor plus but I agree its nice to have.

So BluRay is the one true competitive advantage but I dont think its going to be enough. If you are not both a High Def movie and gaming addict then the PS3 looses near 100 percent of any competitive advantage.

I know why Sony chose to put the Blu Ray in and Im sure it made great commercial sense at the time but they have unfortunately placed their product firmly in the luxury and or niche product category at the same time.

This is further compounded by the worldwide economic contraction and on this point I do feel sorry for Sony. They have hit the world with a wallet busting product when the wallets are already busted.

Without a major price cut I cant see any short term recovery for PS3. I dont know how deep Sony's pockets are but I cant see them riding out a probable 4 year world recession in any kind of comfort.