It truly does (almost) everything!

PROS: Very pleased with the PS3. It upscales normal DVDs so they look better on your HDTV, it plays Blue-ray discs very well, and offers extra functions that 'normal' players don't have. You can game with it of course, and the graphics are phenomenal. You can also surf the web, browse content from YouTube, Facebook, and others. With built-in wireless and Bluetooth, you have the same connectivity options as a laptop or media center PC. If you run a free media server app on another PC on your home network, the PS3 becomes a 'Swiss army knife' of a media player, able to play audio, video, and view pictures. (and arrange them into albums) Of course you can connect a USB flash or hard drive (only FAT32 format I believe) and play content from there, or copy content to the PS3's hard drive if you wish. CONS: -There appears to be a firmware bug such that when you wake it from standby with the controller or power button, it shuts down and must be turned off and on. (at least mine does) -Sony, being the money-grubbing control freaks that they are have released an update that makes it very difficult to install Linux as a second OS like you used to be able to do. Not a big deal for the average user, but I like to tinker, and what harm was it doing Sony to leave this? What was Sony getting from this feature other than even more acclaim for an excellent device? It would be a true media-center PC if they'd open up a little. -The wireless (on my model anyway) doesn't support any better encryption than WEP. My speculation: if Sony were to sell an "unlocked" version of this device for maybe a little more, I'd buy it. I know that Sony makes money on content and almost gives away the console, like printer manufacturers do by selling cheap printers and then making money on the ink, but if the PS3 were more open to tinkering, it would go from having a large fan base to a cult following.Read full review