It's not a great game but it's fun. The graphics are average, it looks exactly like the Arcade version and it's not on pair with a good PS3 game.  But I have TC3 for PS2 and it's a lot of fun so I think $50 is worth  a buy. I probably already spent more than that in the freaking arcade whenever I go to the movies ;)

The good thing about the PS3 version is that is has all the Arcade stuff plus 32 missions of FPS NOT on rails (the gun has tumb sticks to move around). I tried it at Frys and almost bought the game at $69 ($20 discount) but then I passed since I had just pre ordered Rockband.

Not a huge fan by any means, but I've always loved them in the arcades, and would love to be able to play one without having to pop in quarters every time I die (which is a hell of a lot).

So I got Time Crisis 4 yesterday and I'm amazed how much fun it is... totally worth the $50 I paid.