Features:

• Games use Blu-ray discs as media format
• Features a powerful Cell processor and a dynamic RSX graphics chip
• Completely backward compatible, all the way to the original Sony PlayStation
• Built-in Wi-Fi access for easy connection to gaming services and the Internet

Editor Reviews:

Product Description:
Featuring the world's most powerful processor, PlayStation 3 delivers an experience beyond anything you know today. With a built in Blu-ray Disc drive, PlayStation 3 invites you to a whole new generation in high-definition graphics and media capabilities. Whether it's high-definition gaming, Blu-ray movies, music or online services, PlayStation 3 takes you where you've never dreamed possible - a place where you can play beyond.

Amazon.com:

As DVD playback made the PlayStation 2 more than just a game machine, hefty multi-media features make the Sony PlayStation 3 an even more versatile home entertainment machine. Features such as video chat, Internet access, digital photo viewing, and digital audio and video will likely make it the central component of your media set-up. Still, it is first and foremost a game console--a powerful one at that.

Under the Hood
The PS3 features IBM's "Cell" processor and a co-developed Nvidia graphics processor that makes the system able to perform two trillion calculations per second. That's approximately 320 times more calculations per second than the PS2. Along with the traditional AV and composite connections, it also boasts an HDMI port, which delivers uncompressed, unconverted digital picture and sound to compatible high-definition TV and projectors. The system is capable of 128-bit pixel precision and 1080p resolution for a full HD experience.

PlayStation 3: Tower of power

A sleek new look

With the wireless, motion-sensitive controller

Blu-Ray is the New Way
Sony's PlayStation 3 games are encoded onto the Blu-Ray disc media format, which can hold six times as much data as traditional DVDs. This increase in capacity--combined with the awesome power of its processor and graphics card--promises mind-blowing games once developers have learned how to fully harness the new console's power. The PS3 will also support CD-ROM, CD-RW, DVD, DVD-ROM, DVD-R, DVD+R formats.

Sensational Controller
New gamers intuitively move the controller while playing, even though that movement has traditionally had no relation to what's going on in the game. Sony has picked up on this tendency and is using it to bring a new level of control into the PS3. Inside the controller is a high-precision six-axis sensing system that accurately detects fine movements in pitch, roll, and yaw, as well as three dimensions of movement, to control games. This means that future PS3 games will be controlled by the movements of your hands rather than just your thumbs. For example, you might be able to steer a car by holding the controller like a steering wheel.

While the PS3 controller looks much like its Dual Shock predecessors, it will lack the force-feedback vibration since that would only interfere with the sensing system. It uses Bluetooth 2.0 wireless technology and can support up to seven wireless controllers at a time. It's a hot-swappable system, so if your controller is running low on power, just pause your game and connect a USB 2.0 cable. You can continue playing while your controller recharges automatically.

Plays All PlayStation Games
The PlayStation 3 will be backward compatible with PlayStation and PlayStation 2 games, which means you'll be able to play all your favorite games without keeping all the old systems. The console will have slots for Memory Stick Duo, an SD slot and a Compact Flash memory slot. It comes with a pre-installed hard disc drive, which allows you to save games as well as download content from the Internet.

Gran Turismo HD

Resistance: Fall of Man

A Slew of New Games
A whole host of game publishers are already backing the PS3 and several have even confirmed games for the console. At the 2006 Electronic Entertainment Expo (E3), more than 30 titles were displayed for the system, including Gran Turismo HD, Resistance: Fall of Man, and Final Fantasy XIII. Previously announced titles include Metal Gear Solid 4, Devil May Cry 4 and Tekken 6.

Online
Sony has stated that the PS3 will have similar online connectivity and services as the next generation of Xbox Live. Calling it "an always on, always connected device," SCEI's chief technical officer Masa Chatani said the PS3 would be constantly in touch with a "PlayStation World" network "fundamentally based on community, communication commerce, and content." Technically, the infrastructure is there to make that connection. The PS3 supports 10BASE-T, 100BASE-TX, 1000BASE-T Ethernet, as well as IEEE 802.11 b/g wireless networking protocols.

Rating : - Not really 5-stars but I love it
My friend got a 60 gig on release date and had it up until 2 weeks ago when he found out that his broken PS3 was .03% or something of all PS3s that break due to the yellow light thing. He had to buy the MGS4 pack and drive 45minutes to a college to find one and had to pay $545 since it was one of the better PS3 versions. 60 gigs are supposed to be very dependable. I guess my friend got the short side of the stick. I LOVE U PS3 ILL HAVE YOU SOON! RESISTANCE 2 ROCKS!