Personally I'm not blown away, it is about what I expected. The only downside I see right now is price, and how much is it going to cost developers. But also I realize that only Sony's first party titles and a few third party are going to actually use the power of the machine and the next Xbox will probably be the target console for this next gen also.
The network idea is great it a step up from what Nintendo is offering but its only a natural improvement. Nothing currently shown has indicated that Sony is going run away with this. Microsoft will probably have all the same bells and whistles that Sony has, so it going to come down to who will be the most developer friendly system for the games and who will be the most economically friendly.
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