The price of the PS3 is supposed to be around 400- 450, at least that was the last I heard. They are planning on selling it for less than it cost to make and lose money the first year. It's worth the money when it will be given as a gift. If it isn't than I will enjoy my PS2 for longer, but I will never buy an Xbox. I would rather spend more on a console that has more games than Halo. Xbox just can't compete with the games PS has.