(spits coffee on computer screen) PPPFFFFTTTTTTTTT

The PS3 is going to be $500?!?! You have GOT to be joking! What utter crap! WAY too expensive for a flippin' gaming system! And that doesn't include things like HDMI, memory card support and built-in WiFi... and will only come with 20 gig harddrive. You want the 60 gigger you gotta fork out another $100! I'm sorry, all you PS3 fans. This isn't a gloat... it's a true apology for you all getting hosed on your favorite console.

Wheras the Wii....
Here's what we know:

Controls:
Intuitive control for anyone using the physical motion of the main Wii Remote, which resembles a television remote control. Up to four Wii Remotes can be connected at once using wireless Bluetooth technology. The wireless signal can be detected within 10 meters of the console. Both the Wii Remote and Nunchuk controllers include a three-axis motion sensor. The Wii Remote also includes a speaker, rumble feature and expansion port, and can be used as a pointer within 5 meters of the screen. The Wii Remote has a power switch, plus pad, A, B, Minus, Home, 1 and 2 buttons. The Nunchuk controller includes an analog control stick and C and Z buttons.

Media:
A single self-loading media bay will play single- or double-layered 12-centimeter optical discs for Wii, as well as 8-centimeter Nintendo GameCube&153; discs.
Communication: Wii can communicate with the Internet even when the power is turned off. This "WiiConnect24" service delivers a new surprise or game update, even if users do not play with Wii. Users can connect wirelessly using IEEE802.11b/g, or with a USB 2.0 LAN adaptor. Wii also can communicate wirelessly with Nintendo DS&153;.

Virtual Console:
Wii will have downloadable access to 20 years of fan-favorite titles originally released for Nintendo® 64, the Super Nintendo Entertainment System® (SNES) and even the Nintendo Entertainment System® (NES). The Virtual Console also will feature a "best of" selection from Sega Genesis titles and games from the TurboGrafx console (a system jointly developed by NEC and Hudson). It also will be home to new games conceived by indie developers whose creativity is larger than their budgets.

The Specs:
Wii has 512 megabytes of internal flash memory, two USB 2.0 ports and built-in Wi-Fi capability. A bay for an SD memory card will let players expand the internal flash memory. Design was optimized with state-of-the-art processing technologies that minimize power consumption, keep the console compact and enable the "sleepless" WiiConnect24 mode.

CPU:
PowerPC CPU (code-named "Broadway")
Made with a 90 nm SOI CMOS process, jointly developed with and manufactured by IBM.

Other Features:
Four ports for classic Nintendo GameCube controllers. Two slots for Nintendo GameCube Memory Cards. An AV Multi-output port for component, composite or S-video.

-$249 Price tag
-ALWAYS online (console is always online, even when OFF)
-Built in speaker on the controller
-No improved graphics on Virtual Console (as in, they aren’t redoing the models, doesn’t talk about framerates and such).
-TG16 will have it’s 1st party games out at launch, 3rd party will come later as demand increases.
-Estimated prices for the VC are “a few dollars for NES, $5 for SNES and $10 for N64″
-VC games are pro-scan enabled

...folks, the numbers speak for themselves.