Some people here talk like they have all the money in the world... I know my money isn't used only for gaming and when I buy a console, I buy it for the fun value and the games on it. Also, keep in mind that I don't use my consoles for anything else beside playing games.
So far, I see the PS3 as a media device than can play games, not a console, that's why it turns me off and the price is a major factor for me. There are some games I like on it but 3-4 games isn't enough for me to spend that much for so little games.
Xbox has almost no games I like on it.
There's only Wii left, which has games I know I would enjoy and great price. The Wii-mote makes the games even more fun to play.
So that's my conclusion, spending 400$ on a console, is kinda throwing away money... Now if you use it's media then I can undersand... It's just not a valid point for me, but it is for other people.
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