Bah, the $500 dollar version sucks. It lacks media slots and HDMI output, and wireless capabilities. Its a worse ripoff than the $300 Xbox 360. The Wii and Xbox 360 are dominating this show in terms of crowd appeal. Zelda, Mario, and Metroid all look amazing. Halo 3, Gears of War, and Too Human, ditto. In fact:
Snap, Covenant on Earth. This one will be a blast. Zelda now takes advantage of Wii controls and looks awesome. Mario is in freaking space now. The PS3 is looking gimped compared to the competition right now, and a lot of people hate the price. Not to mention they tacked on the motion sensing to steal from Nintendo.
Also, Yoda, you'd be wrong. Nintendo makes huge amounts of profit mainly due to their decade long dominance in the handheld market. Their home console marketshare isn't great, but they dont sell hardware at a loss like the other two, and they still make a ton off their franchises.