I WANT the PS3 to succeed, I really do. But, it's bringing back memories of the Sega Saturn. I don't know if anybody remembers, but the Saturn was more powerful than the PSX, as it had 2 CPU's and 6 other processors... but it was difficult for third party developers to take full advantage of the full potential of the Saturn, thus resulting in awesome first-party titles and lackluster third-party titles. A lot of the feedback I've read from game developers about the PS3 closely resembles the same problems they had with the Saturn... and you know how that turned out. The Saturn was also more expensive than the PSX because it had beefier components.
I don't own an Xbox 360 or a PS3 (I have a Wii though), but I've been trying to decide which console to purchase. Right now the only advantages I see the PS3 having, besides the beefier components, is Metal Gear Solid 4, and Square Enix. But even that isn't saying much, because Microsoft has
Mistwalker exclusively making games for the 360.
Right now it seems like I've already made the decision to get the 360, but I'm still holding out... I really want the PS3 to succeed, because I loved the PS1 and PS2 so much. But, Sony's going to have to pass the torch sometime, and that might be now. They're losing a lot of their big exclusives, and the exclusives they have in comparison to the exclusives the 360 will have, just don't seem like enough to me.