You all make some good point which haved served to alleviate many of my fears. However, I still fear the deafness of the lambs pun intended! .
If early third party developers have doubts about the system, that can be taken care of by a strong or even decent launch like the DS. Yes many devs says we can't wait to make games for this system... but they did. They waited until it was well received, and I still think that initially ps3 will be well received, which could make it go strong for 2 or 3 years (half a cycle) before people realize the error in their way. Those 2.5 years could be damaging to the Wii.
Sony is making some mistakes... to us. A good number of people agree with Sony's philosophy that more money means better stuff. They will be willing to pay the ludicrous launch price, if even just to say "Hey look at what I can afford". I see the price point being a much greater issue in Japan where even the size of the beast may be an issue. But there is no denying the hype and fanfare surrounding the ps3, it may be hard to imagine, but people are just as excited about the ps3 as we are about the Wii. Strange huh? Not really, its about loyalty and expectations. The worst that can happen to the PS3 is that it will have just as hard a time as the Wii to convince people it's worth buying. Except that Sony has a better hype machine, and much better liars.
Nintendo's launch does look strong from this side of september, but it needs to be timely. Nintendo could totally screw this up by simply releasing on the wrong date. They need word of mouth more than anything for a system like this, and they need it to spread before Sony can plant it's virus in millions of homes. They aren't just trying to convince one group of people anymore but technically 3. The first and foremost, is the most obvious the hard core gamer. The second and almost as equally obvious if you pay attention to Nintendo news Which can be found 24/7 at Planetgamecube.com is the non-gamer who has never or hasn't recently played video games. The third is the non-gamer who owns a DS and only non-games for it. They can neither afford to stretch themselves too thin, nor focus too much on one group, they need to simultaneously offer something for everybody, and find a way to tell them all about it. That isn't going to be easy, and will take awhile.
As for Microsoft, yes they are doing a lot of things right, but I ask you where are the games? Thus far into the 360's life I can say that there have honestly been 3 games that have made me think of buying the games... but not the system itself. Battle for Middle Earth, is kind of making me want to buy a 360 though. My biggest gripe with the 360 is its lack of quality. They burn out? How does something that costs $400 burn out in less than 60 days??? It's quite ridiculous. For all the things Microsoft did right, they still have many hurdles to climb, as mentioned earlier winning over the japanese, which is nearly impossible for an american to do.
I hope I'm worrying for nothing and Nintendo will send me a big "No Worries Mon" With an early - mid October launch date allowing AT LEAST 30 days to pass between their launch and Sony's.
Oh and forget the word serious, geez it just means like a serious contender, not how anal the system itself is.