Well, the new Zelda looks good. Sony seems to be winning the hype war at this time, at least from the reports I've read. Nintendo seems pretty quiet, which is why they're losing the console wars. Playing 20 years of games is nice, but what medium is going to be used for storing the games you download? Are you going to save them on memory cards, or will there be some hard drive unit? And will this include all the games that have been licensed by Nintendo, or just Nintendo-made games?
I really wish that tech demo of the opening from Final Fantsy VII was an actual game, because I would buy a PS3 for that. Although I'll end up buying one anyway at some point.
Still, it seems like the next generation of consoles will just have prettier graphics and nothing else that is really new. Sure, Nintendo's talking big about some new way of playing games, but look at their last few ideas for new ways of playing games. Remember "Connectivity"? That was a sad joke. And no one really seems to be using the DS for anything special (except Nintendo themselves).
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"Meet the new boss, same as the old boss"
"It's all right Ma, I'm only sighing"