I own a PS2 and X360. I am waiting for a Wii to reach a $150 price and the PS3 to drop to $250. Yeah I have to wait a couple of years from now to own a Wii and PS3 but those prices are what I believe the consoles are worth. PS3 is still drastically over priced at $400 and the current available games are not sufficient for a purchase of a PS3/ Blu-ray machine. PS3 is priced high due to expensivbe Blu-Ray player in the PS3.
I also need to buy a 1080p HDTV one day to get the benefits out of the PS3's Blu-Ray capabilities.
The price of PS3 is holding the console back and t the disastrous state of the economy is adversely impacting on PS3 sales.
Sales of PS3 hardware will pick up as its price drops and more games are available.