The 360 was just the same when that was first released.
Quite cool but have to say not jealous. The system is gonna need a fair few updates yet and Sony have realised this since releasing it. And I just dont trust brand new hardware from Sony there new systems have a habit of dying or parts of them failing.
And the online features are crap. Link below showing all the silly little bits about the system that just seem like design flaws. Such as if you ever need to download something and its a large file the system is unusable whilst it downloads.
http://www.nytimes.com/2006/11/20/arts/20game.html?_r=2&oref=slogin&oref=slogin
And heres another link from a developers opinion of the PS3.
http://www.hardcoreware.net/reviews/review-348-1.htm