Being as I still have a working NES and SNES, I'd agree on that.
I'm not spending $500 on a game system. No chance in hell. If FFXIII comes out, then I'll pick up a PS3 in a few years.
It comes down to this. $250 for a system that has games coming out right away that I want, or $500 for a system that won't have anything I want on it for a couple years.
Real no-brainer there.