OK, so to break it down:

Nintendo is still for kids (I'm still pissed when they took the blood out of Mortal Combat)

Sony expects everyone to have an unlimited cash flow to spend on overpriced hardware that will most likely be worthless (blueray) with everyone going to HD.

The 360 now has the GTA series first and will have the most next gen games along with the option to add the hd player later on.

I think my son has a long time until he's playing games, so I'll wait on getting him the Wii. Maybe the next Nintendo system after this... that is if this one does good and they stay in business.