While it had better graphics & exclusives than my fellow Xbox 360, I thought the PS3 was not as good as the PS2. The online was terrible, multiplatform games sucked on PS3, terrible controllers, and a slow UI, just my opinion only, so don't jeopardize it Sony fanboys.
The first word: The name of the next Sony super system is definitely PS3 or PlayStation 3. Nothing fancy or surprising there. And, at least Sony didn't go with PlayStation 361 to outdo Microsoft.
Product name: PlayStation 3