This is an insanely good deal. XBox cant even come close. The HDMI cable is going to save you $30-$40. And the free online saves you $50 a year! And an AAA game! and a blockbuster HD movie!!!
I am surprised how some people try to make the loss of hardware backwards compatability into a deal breaker. None of the Xbox's have hardware BC, and why do you buy a PS3 to play PS2 games? If you have lots of PS2 games, dont you have a PS2? Its not like the 40GB wont be able to do software emulation. How long do you think you will still be playing these PS2 games?? when you just bought a PS3?
So what PS2 game is causing this to be a deal breaker? Is there a list of games that work via software emulation for BC?