PlayStation 3 40 GB Games Console (PS3)

What a system. The blue ray is a real bargain.
As for the games, The best graphics on the market.
Uncharted, Drakes Fortune is probably the best game yet on any platform (bar the release of GTA4).
Anyway this version isn't backward compatible, but then again who wants to go backwards. I don't play any of my old games any more. They're done and dusted, move forward.

The plus side to this console other then the fact that it's a fab games console and that the graphics output is fantastic with my HD TV, with its integrated Blu-ray disc player the movies are amazing. I thoroughly enjoy playing on it. The only downside being that it won't play your favourite PS2 game collections and doesn't have memory card reader as the 60GB version does.