I'll probably be making the move to a PS3 myself in the not too distant future, mostly for Blu-Ray though. One thing to be aware of is that the higher end PS3 (80gb) includes support for playing PS2 games (though via emulation which at least seems to be quite speedy) while the 40gb model doesn't. If you can find an older generation 60gb, it includes an actual PS2 board inside the case.