PS3 isn't coming out until around 2005. And I'm still terrified of it. Cell technology... it's going to be just like The Matrix. I know it.
But Sony's always been good with their marketing. They don't pull that shit all too often. The ocassional price drop, but not enough to force you to hold out for 2-3 years. X-Box was pretty good too. GC is the one that pulled all that crap. Buy one fore $125, and get one of the system's better games for free. Meanwhile, a year or so ago, people paid $200+ to get nothing.
Not saying that's WRONG. Just saying Nintendo's the one you should hold out on purchasing anything from.