It's officially official: the recently announced $400 40GB PlayStation 3 slips onto shelves in the United States on November 2, while the 80GB model drops $100 to $500, giving Sony a much needed one-two sales punch this coming holiday season. The 40GB model's arrival is crucial, because it's just $50 more than Microsoft's $350 Xbox 360 Premium.
I've spent plenty of time lambasting Sony for its arguably Napoleonic posturing this last year, and I think rightly so. The company must have known for months leading up to its debut last November that its pricing and component costs were out of control. Combine that with the PS3's incredibly powerful but developmentally grueling architecture, and the notion that Sony might have a Sega Saturn on its hands was hardly inconceivable.
But hold up a second. Leaving aside Sony's mediocre software library, which time and money suggests will look radically different in 2008, just what sort of value proposition is the PlayStation 3 in light of the latest price drops and model reshuffles? Let's have a look.
Going by my chart, Sony's PlayStation 3 handily thumps Microsoft's Xbox 360 if you're judging apples to apples. Oh sure, you have more entry-level "bare-bones" buying options with the 360, but how many of you won't eventually pick up that $100 wireless card so you can play in front of any TV in the house without a cable? The hard drive (on the entry-level "Arcade" 360) so you can download demos and import music and store unlimited saved games and avoid jerky performance in certain hard-drive-preferred games? The $50 a year Xbox Gold membership so you can play Xbox 360 games against other players online? Even without the $180 HD-DVD player to view high-definition movies, add the rest up and you get "practical use" configurations that rate notably more expensive than Sony's all-in-one PlayStation 3.
Last week I asked "What do you want most this holiday season?" I expected the PS3 to take a drubbing. Out of 907 votes, the PS3 snatched 36% (323 votes), compared with 22% for the Wii (203 votes) and a marginal 8% (71 votes) for the Xbox 360.
A sign of things to come?