Ps3 never been a complete failure not even when it launched for $600. The thing is that Sony really went overboard with PS3, they should just had made a console with similar specs to Xbox 360 and slapped on a Blu-ray drive on there and they would have won this generation hands down (over M$ anyway).
But noooo, they have to make a console with a retarded architecture, 10 year old controller without rumble, worse launch games than PS1, more expensive than the 3DO and the list goes on and on. If it where any other company than Sony PS3 would have been dead long ago.