Like:
-Region-free gaming
-PS1/2 backwards compatibilty is awesome. Most games look awesome upscaled and some even load faster (or much faster, like in NeoGeo Battle Coliseum's case)
-The system is incredibly quiet.
-Free online play and web browser
-Blu-Rays are the same region in the U.S. as Japan
-DVD upscaling is great
-Downloadable games are not limited by size, and so we get amazing console quality titles like Tekken 5 DR and Warhawk.
-Hardware seems to be well-made and more reliable than the XBox 360. I'm not worried about my PS3 dying on me like I am with my (second) 360.
-Changing out the hard drive is easy and can be done with a variety of brands; you can get a 160gb HD for your PS3 for almost half the cost of what M$ sells the 120gb 360 HD for.
-Game installs to reduce load or elminate load times.
Dislike:
-WHERE ARE THE FUCKING GAMES?
-No one is ever fucking online or playing anything on my friends list! The online community is awful, but that can easily be blamed on the lack of anything to really play.
-WHERE ARE THE FUCKING GAMES?
-Having to resynch the controller when playing PS1/2 games and then going back to the XMB sucks.
-WHERE ARE THE FUCKING GAMES?
Also- WHERE ARE THE FUCKING GAMES?

The potential is there for this system to be so awesome. But there's just so little worthwhile software that has been released for this system, and it doesn't feel like there's much on the horizon coming either. The only exclusive games that come to mind are Tekken 6 and MGS4. Everything else I'm interested in is also coming out on the 360, like DMC4 and Soul Calibur IV. I'm the kind of guy that blows his money on just about everything that comes out. And even then, after a year, I don't own many PS3 games. The system gets used mainly for movies and PS2 games.
The Wii was also quite lacking in quality games, but recently this has changed. I'm still waiting for this to happen with the PS3. Sony needs to stop making 845236 different SKUs for their hardware and get on the games already.
game region free ("rumoured" to be coming to an end)
Where did you hear this?

:'( I really, really hope that isn't true.
