I have wasted so much money on buying systems at launch I am going to definantly wait this one out for awhile... my huge backlog of games Ive yet to play will make the wait easy... noone out there cares today that my current generation of sytems were purchased before any price drops (save my GCN, which was picked up when it dropped to 150)
Definantly going to wait until the system hits its stride, when developers have a few years to take advantage of the technology instead of getting us hyped out over crappy games (anyone remember The Bouncer during PS2's first few months)... rarely do launch games live up to the promise of a systems potential, except with some of nintendos games and Halo
By that time, the systems will be introducing the ineveitable greatest hits lines, and the glut of titles will mean prices will drop quicker. I used to pick up ANY ten dollar game from Best Buy no matter how crappy (Transworld surfing comes to mind), now thanks to CAG, I am even selective on 5 dollar games...
That said, a few years from now, I will own all 3 systems, but will wait a long time to get them