I don't need HDMI as I would hook this up to a normal old TV. I guess Wi-Fi would be nice but I can live without it. I also don't need a media center. I'm leaning more towards a PS3 due to my PS1 and PS2 games but I'm still not sure. I'm still on the fence if I will get this or a 360 and I'll probably be waiting awhile anyway but I think the "cheaper version" may be the way for me to go if I buy one.