This is how I see the PS3 shaping up.
Blue-Ray: Are Sony going to do what they did for DVD and do it all over again for Blue-Ray on the PS3? Yes is my firm belief, Sony has stated from the start that the PS3 will have a BD drive, why should the go back on their word? If the cost of most players coming out now and in the near future are costing $1800 for a Sony Blue-Ray player shouldn’t the PS3 cost $1800, NO they will make a loss so that they make more money in the long run. Is the first wave of games going to utilise BD's? NO most launch games for the PS2 were not on DVD so im not expecting them to be on BD from the off.
1080p: Are all the games coming out going to be running at 1080p? I would say no to this, for the fact that developers are still learning to push the PS3 to the max and making anything run at such a high rez with full AA and HDR and all manner of special effects going off on screen, and then to make them run at a steady 60fps is a tall order. The developers have to learn how to stand up before they can walk, and learn how to walk before they can run, we have seen this with PS1 & 2 so what makes the PS3 different? Nothing. This will also be the case for the 360 too.
As for running at 720p and up scaling? Well I wouldn't know if the PS3 is capable then this is cool. Just make sure you have screen that is capable of displaying such an image.
Game Graphics: The games that we have all seen demos of running it various game shows have given us a taste of what's to come... Or have they? We all know that the MGS4 trailer is exactly what the graphics will look like, in fact im betting that they will look even better after all the polishing they will do. But certain demos, namely the Killzone 2 and Motorstorm have raised an eyebrow or two, due to the high quality seen. Do I think that they were really ingame running? No and Yes, Motorstorm seems too good to be true and with all the particle and volumetrics shown on screen im dubious of the authenticity of it being from an ingame engine, but Killzone on the other hand I do think this is ingame, character models seem right and the normal mapping is very evident in the screen shots, this leads me to believe that killzone is actual game footage, because why the hell would they use low rez normal maps in CG cut scenes when the can make it look 1000 time better with fully modelled with super high rez textures.
HDD: Will my PS3 have a hard drive? Well all I can say is don’t know

because of cost, time and demand, To put a 30gb Hard drive in the PS3 wouldn’t cost much, but if they stick with the current design of the casing, it would seem (The Kikizo article) that there isn’t enough room inside to fit one, and we have all seen the shots of the label next to the PS3's saying "Concept Design", so either they will do a drastic re-design (not likely, maybe only some port movement and minor things like that), or they will shrink the components inside, now this I can see happening slim PS2 anyone,, also look at the iterations we had of both PS1 & 2 over the years, with all the stuff inside getting smaller. So I would say that the PS3 would probably have one but only if they re-design the case or shrink the gubbings inside.
Online: Is there going to be an online function for PS3 like the X-Box Live? Well again all I can say I don’t know

but for Sony to ignore the pleas by allot of consumer site's and developers would be a bad thing. Will it be an X-Box Live killer? Doubt it, at least for the short term, they have only just announced they will have a online feature so to gain the experience that MS has and to put it into practice will take some time, but maybe they have been working on it for ages and have only just announced it to keep us interested in PS3. Will my games have online functionality from the start? Well apparently Lair and Warhawk will have online functions and will also be launch games, so if they keep this promise they yes in a way, I guess it depends on which games you have, but for PS3 to be online and have Live killing features out of the box then I say no.
Death To The 360: Will PS3 kill off the 360? No is the answer, you must be foolish to think that the gap between the 360 and PS3 is a Grand Canyon sized gap, when in fact its more like a little stream. The 360 has proven that it can do superb graphics but for it to do these graphics ive seen clear evidence in frame rates suffering (although most vids showing games on the net are usually early code). Will PS3 have better games than the 360, I would have to say yes for this, but not in terms of just graphics power but in the choice of AAA titles, PS3 will have PS1 & 2 games and then all the titles that are PS3 specific, all the big developers will be at the forefront of gaming for PS3, this is where MS will be lacking, plus PS3 will most likely have all the games the 360 has apart from 360 only titles, and as soon as developers start making Blue-Ray games the 360 conversions will either be on multiple DVD/ HD-DVD (if they get out a HD-DVD drive) or the games will be lowered in content or graphics.
I think that allot of people believe that the PS3 will trounce the 360 and personally I don't, the game is far closer than was first expected, but I do think that the PS3 will start to move ahead of the 360 slowly but surely some time down the line, and before we know it we will all be arguing about which is better the PS4 or the X-Box 10,001. BTW all stuff above is based on my own judgement and opinions.
