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If they had waited another year to release it they would have had the same problem again with the high initial price. But I see your point, the wait for the killer-apps would be relatively shorter and they can still survive on the success of the PS2 and PSP. Ever since the launch of the PS3 they have been losing money.

But then again there would be no nextgen war! PS3 would be too far behind the Xbox360 and Wii. But atleast we would have known wich is the new standard for HD movies. Blu-ray would be dead by now if it didn't came with the PS3 a year ago.