I own a PS3 and i'm pleased with it.Its reliable unlike the 360 (I have a friend who's had 3 so far which is bad considering he's only owned it 6 months) and has a steady games supply in the works which may become a major issue for the Wii.The price however is sure to fall (I got mine with a £85 discount due to buying it with a particular kind of credit card) as £425 is too steep a price for a games console.
P.S Has anyone here ran Yellow Dog Linux on a PS3? I'm considering it but don't really know how to go about it.