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I think Sony was looking toward the future. They are betting that superior technology will mean that in a year or two they will have a superior system and the games will have made use of it. I also think they rushed to get it out by Christmas and the bugs aren't all out of it yet. Considering that and the fact that HD vs. Blueray hasn't been settled yet, I'd hold off a year or so on the PS3. Personally though, for $600 I think I'd just buy a computer and you could play games on it and do a whole lot of other stuff as well.
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