I like my PS3 a bunch... but I never much cared the idea of Home. Why would I want to struggle through a virtual MMO interface, hindered by everything from network lag (unavoidable) to loading times (somewhat avoidable), when I can just use the XMB?Clean, simple, fast == gaming right now. I guess I use my PS3 for gaming, and not for networking, and that's my issue with it.
I don't understand social software like Home, at all. Coincidentally, I think Second Life is a pretty lame idea too. Apparently there are a lot of folks who disagree -- heck they even pay for it. There's the kicker, I suppose... I don't understand some Wii software either. Who the heck would enjoy Carnival Games? Home may have a place, but I think its pretty obvious that the typical PS3 owner won't be interested.
Such a concept might actually work on the Wii, on the other hand.