I'm a techie, I love gizmos, and I hear a lot of misinformation about a lot of things, but none more so than the ps3.  I have a lot of issues with Sony.

BlueRay.  Yes its technically better than HDDVD.  Well, we have HDDVD, and its beautiful!  Most comparisons I've seen online say that the current generation of HDDVD looks better than Blue-Ray.  I know that its an aspect of the compression tech and the blue-ray will catch up.  But so what?   HDDVD is an evolutionary progression of the technology rather than a revolutionary one, its logical that it would be improved all the way around rather than coming out the gate with problems.  HDDVD is cheaper, for the players, for the disks, to produce, etc  I hate blueray, it seems to me just another attempt by Sony to corner the media market, and IMO I don't think Sony would be a good shepherd of any technology, let alone one that I love, which is collecting movies.  I want blueray to fail because I don't like Sony controlling the format.  I feel more comfortable with hddvd and its more open tenants.

Internet:  PS3's internet is FREE!  Oh wait, so is the silver package for Xbox360.  You can play multiplayer for ps3 for free though!  Well yeah, you get what you pay for.  No shared friends list, the ps3 online service is slow, and downloads are clunky. 

Exclusivity:  Sony has done a great job getting exclusive contracts with many game developers.  While this is a nice thing for Sony I'm sure, its pretty crappy for me.  Personally I like to see the same game come out for multiple platforms so that everyone can choose which platform they'd prefer.  Luckily with all the missteps Sony's made, we might see more square games on other platforms, not just their side games.

Wireless that isn't really wireless:  You have to sync the controllers with the ps3 by plugging it in.  What?  The xbox360 and nintendo remotes are awesome and easy.

Bad Imitation:  By all means I like the Japanese trait of focusing on improving ideas rather than coming up with new ones, but the PS3 just copied a bunch of features without really improving them :(

Hubris:  Man, we've seen so many remarks the president of SEO telling us how everything that sounded negative didn't matter because its PLAYSTATION.  WTH?  Instead of telling us brand matters, why not focus on telling us quality matters. 

The PS3 is junky, you want to see next gen hi-def graphics with innovative game play? Check out Gears of War on the xbox360.  Fantastic game, fantastic multiplayer.  AMAZING graphics.  You want to see something "different", not just better versions of what has already been out there? Bowling for the Wii.  I was fascinated to see me using all the same skills from real bowling to bowl in the Wii.  Its effectively a simulator for all sorts of games, very very impressive. 

Now don't get me wrong, in 6 months they might have upgraded the PS3 in so many ways that it doesn't even look like the same box.  Then I might be "Oh wow, I love my ps3!!!", but I believe in a mutable personality, and right now, I don't like the PS3, nor do I like what it indicates Sony thinks about its customers.