Wow, the business and long term viability assessment of BD vs. HD-DVD in this thread is a riot! I guess once you make a decision of one vs. the other you toss logic out the window in support of your chosen format.
FWIW, I suggest anyone interested in more reasonable discussions of the state of HDM, to head over to AVSForum.
On topic: If you've looked at the available games and see titles that interest you, then it seems like a great idea. You get a HDM player (BD), a nice media console, killer game machine, etc. Looks like there's enough crossover and exclusive titles on the PS3 to justify it (though I'd say the same thing about the X360).
The wifey really wanted Zelda and Mario so I scored a WII (admittedly, I'm having fun with it as well) - we both want the next gen RE (and pretty much any Horror Survival type games), so we may eventually pick up an X360 or PS3 (whichever platform seems to offer the most support of that genre). For us it's more about having time to even play! Hahaha, it took us like 5 months to finish God Of War II between travel, work, fun, surfing, boating, etc., etc.
Good luck, I think you'll enjoy the PS3 if you go that direction.
Yeah, but doesn't the PS3 already do that? Plus it plays games too, does many things a PC can do, and is also cheaper. A PS3 is obviously something to be had if it can be afforded, it does everything the Wii can't and has a very low failure rate.