It sure didn't have any games I wanted when it launched. A bunch of ports that really weren't much better than regular X-box. Ps3 will be the same way.
The 360 has got all the games. If you really want to waste $600, please feel free to buy a POS3. But if you take your gaming seriously and you want to have fun without spending 2 months of your income, buy a 360. You won't have any fun with the PS3 anyways since it has no games and it won't!
Let me give you a brief rundown of what is already available for the PS3 and why it isn't worth it
Motorstorm - Already done before in other, better games like Burnout: revenge or Takedown
Def Jam icon - Reviews have been none too good, besides it's already on the 360
Elder Scrolls IV: Oblivion - Already on the 360 and will therefore go down in price quicker than the PISS3 version
Resistance: Fall of man - Not fun, no better than your average First person shooter. I easily and highly recommend the original Perfect Dark over this... hell I even recommend the original DOOM over this!!!!
And let me tell you, every gamer I have talked to, PS3 owners as well have NOT been happy, impressed or enthused with their purchases!
Virtua Fighter 5 - Virtua Fighter is a great game... but if you want an experience that is just as good, please either get the PS2 Virtua Fighter 4 or the version for the Dreamcast. Those are just as good in terms of gameplay! If any of you are serious gamers like me you will always take gameplay over graphics. And... let's face it the PS3 doesn't look THAT good.