PROS:
1) Good Blu-Ray playback and upconversion alleviating the need for another DVD player.
2) GrandTheftAuto 4 (its growing on me)
3) Tekken 5
4) Bionic Commando:Rearmed
5) Its not a Wii
6) Its not a Xbox
CONS:
1) No backwards playback of PS1 and PS2 games on my console
2) Very poor selection of games so far, but that is partly because I think 99% of modern console games suck
3) Some difficulty with playback of burned DVDs
So yeah, working fine for me. I am not a huge console nut, so I don't feel the need to have more than one system. Also, the PS3 works nice with my Bravia. I bought it for the purpose of game play AND BluRay.
Bart