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Truthfully, even though the PS3 would probably be a very different machine, I would have probably bought both ...

Even though I have grown more and more frustrated with Sony durring the lifespan of the PS2, if Sony released the PS3 at $300 I would have been sure that it would end up the market leader (and third party publishers would focus on it) and that I would be forced to buy it eventually. When it was announced at $600 I knew the PS3 would struggle to find its place in the market, and Nintendo and Microsoft would be able to steal quite a bit of marketshare from Sony.