While I still support the concept of Home, I see it has several issues:
1. Home is not integrated into the PS3's environment. You had to load it up. I am not even sure you can meet your friend list on there. The avatars from the 360 and Wii can go elsewhere.
2. Home is a bunch of disjointed environments now that require load time, and updates. There is delays and so on. It isn't streamed the way Second Life is.
3. Sony is emulating all that is wrong with reality. Come on, waiting in line? I guess it is a ploy to get people to buy their own versions of game machines and other minigames, but who has room for a bowling lane at their place?
4. It is stale. Some nice stuff is coming, but it isn't alive the way Second Life is.
I could go on. Will need to wait and see it. As of now, there isn't much to do there. I log on, as I joked above, but also to see if anything new IS happening.