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Sooner, im pretty sure it was the Dreamcast. Bought it on launch day as soon as the shop opened.

Later... the PSP. Got one last year.

For me the usual is about 1 years after it launches. Thats when i feel compelled to buy them because the price might have dropped from launch, there are a few games worth having already out, and theres potencial for future announcements in the horizon and some years of life. Thats the best time to buy a new console in my opinion. Its what i've done with the 3DS and the Vita... and will probably end up doing with the Wii U and PS4.