I think it is worth noting that sony are not know for thier truth, every console has been hyped on lies and false hopes. Ps2 had an emotion engine as well as healthy online service.... only after live was realy did they even bother with online... and the emotion engines claims are possibly going to be realised this generation. can we say 2 X hdmi? killzone demo.....
Whilst you may hail the linux kit as great, remember the ps2 also had it, and as far as i know it was not the emulator hot bed you hope it to spawn, nor did it offer a media centre of epic proportions.
Also the basic ps3 not having hdmi kind of ruins its blue ray advantage but still costs more than the 360.... i cant help thinking sony may have made i cock up. If your really into hi quality video you wont buy a console as the player, not after the ps2 was so bad as a dvd player. And joe public could not give a rats arse about bluray as dvd still looks shit hot to most people, and upscaling players can already do wonders......
I would love the ps3 to become a cult underground emulation beast, just as much as i hope m$ keep on with the retro arcade idea. Anything which brings these old clasics into the mainstream modern market is doing a good thing
I think ms do have the edge, but sony will come back strong. I do believe the ps3 might get hacked fiarly quickly as they are basically including a ps2 inside it (which is already compromised) and the inclusion of the ps1 was the ps2's achilies heal.