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First off in response to TC, Sony never actually advertised those features and taking out BC reduced the price (which was needed) and taking out other OS secured the system for another year (both things you said they needed to work on) so I don't really see your issue.

Anyways on topic

1. Have the price at absolute most $400 on launch.

2. PS3 BC

3.Either stick with blu ray or go with the 50 gig blu ray but with a much faster read speed

4. Keep the Cell, add more spes and a faster core and improve the dev kit farther but keep it, it has the cheapest processing power to price ratio and will make ps3 BC way easier.

5. Keep up what they doing right now with games and third parties.

6. Make the OS with playing music in background, cross game chat, trophies and all that other stuff in mind.

7. Make the browser decent.