I thought so until I read this click here
I think they would have been more successful if
1. They did not remove the chip that gave full backwards capability with the PS2 games
2. They put in a normal DVD drive instead of a Blu Ray Drive to keep costs down - Sony have taken a calculated gamble that the success of the games console will pull BluRay along with it.
3. The price differential between US/Japan and Europe was not quite so high.
My son and his mates also say for gaming the PS3 is miles better than anything else. I wouldn't know, I'll just be shelling out for it! Maybe I'll have to do it soon or there will be none left!