In their review of the PS3, Next Generation concludes that "the PS3 is a must-buy – eventually. But is it worth $600 and a night in a parking lot? Not a chance."
"So what are we left with? In 2006, PlayStation 3 isn't about what the system can do. It's about what the system will do. Yes, if you spend $600 you deserve to get $600 worth of entertainment. But it's a (minimum) six-year promise that Sony's making, and it'll take a while for the games to ramp up, as it always does. Is it worth it right now? No. Even the Blu-ray movie selection kind of sucks.
But will the PS3 be worth it in the end? There can't be a doubt. At a base level, Sony has achieved every function essential for this system to compete with the 360. You can argue the finer points, but if you suggest that the PS3 isn't exactly what it needs to be, you're simply wrong. It's the inheritor of the PlayStation legacy, and it's also a system that is a technical powerhouse and an attractive one, too. The PS3 is a must-buy – eventually. But is it worth $600 and a night in a parking lot? Not a chance."