They're rushing this out already? After the PS2 was out for what, 10 years? And great for most of that time.
If this starts into a pissing match between Sony and Microsoft for who can have the better hardware, my money is on Sony because they're willing to release systems that cost ridiculous amounts of money. But they can't manage to find any developers, they're boned there.
Exclusives are what sells a system, especially when XBL is much better then PSN in reliability, UI and ease of use.
Just my two cents.