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I would have to agree with the first sentiment, and disagree with the second sentiment. We all know the score as to what the PS3 did do, and failed to do in spite of enjoying certain advantages. Even with all of those advantages the console failed more often then it succeeded. So I think kind of is a pretty fair assessment. As for the comment to do with over engineering the console. That just isn't the case.

The console wasn't over engineered, but rather poorly engineered. In the case of over engineering it implies that it is the case that more parts were used then necessary to achieve the same result. In the case of the PS3 it was more a question of using the wrong parts, redundant parts, and unnecessary parts. That isn't over engineering, but just a bad design philosophy. It may be a fine line, but I honestly doubt that engineers who made the console you know actually work would have willingly made these design choices, and shouldn't have their workmanship be put in question.

Just call it what it is management meddling with something they ought not have. It wasn't over engineering that was the problem, but bad management that was the problem.