I bought my PS3 phat 60 GB in August 2007, from Choices video, who were having a weekend sale, for £385, I got the machine, with Resistance and Motorstorm for free, and another game of my choice for £10, so I picked Ninja Gaiden Sigma, they also threw in another sixaxis controller, I was very pleased with that, I was advised to buy an HDMI cable for another £12.99.
So I got it home and set it up, set up a new PSN account, all very easy, put Resistance in, and straight away was told of a software update, as I wanted to get on with it, I just cancelled it, as I usually play games offline, I have continued to do this usually to this day.
Immediately, I found my biggest initial problem, the ridiculously light sixaxis controller giving no feedback whatsoever, I found it massively jarring, no rumble with explosions, none with gunshots, horrible, took a while to get used to it.
Absolutely loved the game, never understood the criticism of it, I played up to Manchester, got into a manic shoot out, eventually stopping to put in Motorstorm in, once again despite beautiful graphics and sound, the lack of feel for the road with no feedback was disappointing, and the game was just not that good, so I thought I would download some demos, I chose The Darkness, Ridge racer 7, and Genji.
It took hours, literally to download them, and when I finally got round to it, Ridge Racer 7 looked stunning, but after Ridge 6 on 360, it was poor in comparison, especially in the replays, with quite severe slowdown, did enjoy The Darkness, but removed Genji almost immediately.
I then tried some backwards compatibility, so put Killzone in, it did a very good job of upscaling, and I played it for a while, but when I took the disc out, it was roasting hot, and the machine shut down, it eventually allowed me to turn it back on an hour later, I never dared to put a PS2 disc in again, so disappointed again that I could not remove the PS2 from the telly.
Also it should not be forgotten that the console could not do HD out of the box, no component lead in the box, no HDMI, which with the high price was shocking, just a bog standard scart box.
I think Sony thought everyone who had a PS2 would upgrade to a machine that could play Blu rays, it worked to a large degree with the PS2 and DVD, but they badly misjudged the market, especially the online one, the PSN store was absolute rubbish compared to Xbox live, and IMO still has not caught up, still massive updates that take an age to download, THEN install.
I do not regret the purchase though, I built up a library of over 100 games in the shortest time I have ever done, and actually prefer the Dual Shock 3 to the Xbox 360 one, took a while to come out, and the price was a mickey take, but at least they patched many of the earlier games, it is also what I look at photos on, and my camcorder videos.
So yes, Sony did deserve the flack they got for the launch, a high price point at totally the wrong time of year, no real killer titles, I loved Resistance, but it looked outdated already, the ports were pretty duff, I remember the horror show that was Call Of Duty 3, with it's terrible frame rate, until a massive patch was applied to it, and FEAR was even worse, I had played the 360 version, the PS3 one looked like a much lower res version, with terrible framerate, and sound problems, no trophy system, the poor controller, with it's motion controls, that were not good enough, the bare bones PSN, the horrendous loading times of some titles, the frequent patches and system updates, and trying to play online against some obvious cheating blighters, almost with no policing in the earliest days, particularly one guy who I hit in the face with a rocket with no effect!
Also as a bluray player, it was superb, but at the time it was less than certain whether it would win out against HD DVD with Microsofts might behind it, or even if many people were going to bother replacing their DVD collections with bluray, so yes it was very nice, but the films were very expensive and without every studio onboard.
Case in point with the PSN, there is a sale of PSP games on at the moment, so I have picked Patapon 3, Resistance Retribution, and Everybody's Tennis, it has been downloading since 4:50 this afternoon, and is still only 34% into installing the last game, so I would say they still have some way to go.