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Both Sides of the PS3 Price Cut Rumor
So here's the deal: Kotaku has a flier for an upcoming Circuit City deal on the PlayStation 3, putting the price at $499. There's some confusion about whether this is just a sale from Circuit City, or an actual price drop from Sony. Next Generation has Sony saying 'no', indicating that this isn't a sign of an across-the-board price cut. Meanwhile, GameDaily says 'yes', with sources in the retail industry indicating this is the price adjustment we've heard coming for a while now. "As it turns out, a merchandising manager (who wished to remain anonymous) at one of the world's biggest retailers has confirmed to GameDaily BIZ that the price drop is indeed retail-wide and it's scheduled to take place on July 12, although the first wave of ads to promote the PS3's new price won't kick in until Sunday, July 15. Many analysts have speculated that Sony would drop the price on the expensive console this year, and some even predicted that it could happen this summer. It's starting to look like they were right. We're sure to find out much more next week when Sony holds its press conference at E3." Luckily we won't have to wait long to see what's the real story here.
The current price of the 20 Gb PS3 is $499. So if this is a price cut, it would be down $100 to make the 60 Gb $499. While it still may be more than the 360, it's hardly what I would call a "bare bone" console.
I sued to work electronics retail (best buy.. ughh), anyway- there is NO markup on game consoles, places like best buy and circuit city make their money by selling games, services, and accessories for the consoles. I highly doubt circuit city is willing to take a >$100 hit on each ps3.
Well... unless you really care about Blu-Ray movies (which IMO are way overpriced)
Not really, unless you mean to say that any money more than the DVD is "overpriced". For most of the new movies I looked at, the Blu-Ray version is $5 more than the DVD version. Blu-Ray and HD-DVD discs aren't any more expensive than in the first few years of DVD, so I really don't think the pricing is unfair.
Besides, you can get Blu-Ray and HD-DVD movies from Netflix for no extra cost.
I don't regret the purchase at all.
To get an Xbox 360 that is feature competitive (elite or not), you're going to be paying within $50 of the price of the current PS3. And even then, the Xbox 360 is far less cross-platform friendly, using nonstandard technology for its media streaming and peripherals. And you'll need to spend extra money for a HD-DVD box (if that's your thing). If you're considering buying a traditional game console, the PS3 is very competitive to the XBox 360 (especially so given the troubling reliability issues with the 360, I myself am on my third which refuses to play Gears of War!)
In comparison to the Wii, I advise you go for the Wii first unless you have a big PS2 game selection, in which case the PS3 will probably be a better value. The Wii and PS3 are both game systems, but the Wii is the interesting bargain product and the PS3 is the luxury product. This is not a representation of Wii dominance, it's a representation of supply/demand economics and how they interact with MSRPs. For many people, the Wii is a lever to get gaming into homes that aren't otherwise receptive to it. That's awesome, it's the tide that raises all the boats, and no one can deny the Wii is an interesting an innovative console. I like it, I waited overnight for mine, I endorse it.
But right now, the Wii isn't much more atttractive a platform than the PS3, if you get fair about the comparison. It's only got three really great titles (WiiPlay, Zelda and Paper Mario) and a release schedule that's nearly as lackluster as the PS3's. It's got a lot of development difficulty (instead of wrangling the cell, you're designing for a completely new and somewhat alien control system that requires a lot of realtime analysis of multiple data streams).
I totally understand waiting on buying a PS3. The platform only has a few really great titles right now (Motorstorm and recently the revised Ninja Gaiden Sigma), so it's entirely reasonable to wait. But to say that this $100 price drop doesn't make it competitive is just absurd and it's hater-aide. Don't buy into the anti-hype surrounding the platform.
Disclosure: I own all 3 consoles, a high def television. I am a supporter of Blu-ray as a recordable data standard. My Wii has stayed quiet since I beat Paper Mario, my Xbox 360 (2rd replacement) has just shown hardware defects and I'm told to send it in again. I do not work or take money from any video game company or Sony. I run both mac and linux boxes in my home, so an open media streaming capability is important to me.
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AFAIK, they're also the same company...
Come read my stupid blagablog. Rants and Giggles
Update your firmware to 1.80 or higher. PS3 didn't ship with upconverting working, but it was released in the update a few weeks ago.