It's not too soon to tell about the PS3; it's 3rd place in terms of sales, 2nd place in terms of quality. I don't see a radical change ever happening that will make everything suddenly different. The PS3 itself cost $400 while the direct competition cost $200; both share many of the big games and almost all of the games are better on the $200 one. Even though it is the worst system Sony has put out, I still get a lot of enjoyment from the exclusive games; outside of games it's also my blu ray player too. But I'm not everyone. Not everyone has the luxury to own a good PC, PS3, 360, Wii, DS, PSP, etc. and not worry about getting one system to do everything. Honestly, if I had to pick one and was on a budget, the 360 is the obvious choice here; even picking the 360 means I'm not part of the hoi polloi since they've all chosen the Wii.
Plus, how can you hate Sony after they single handily butt-fucked both Nintendo and Sega in both quality and sales?