In the gaming world, being first to market has its advantages, but it also has some downsides. With its Xbox 360, Microsoft has staked itself a year lead over archrival Sony in the next-gen gaming wars and, just as importantly, the battle for living-room dominance--these powerful minicomputers also do double duty as digital media hubs. In those 12 months, Microsoft has managed to sell several million consoles, work through some hardware glitches, upgrade the system's internal software, and bring out a full selection of accessories as well as a few signature games, including the company's own smash hit, Gears of War. But that year has also given Sony time to polish its more ambitious--and pricier--PlayStation 3. Like the 360, the PS3 is available in two versions. Both feature the brand new Cell processor, a built-in Blu-ray player, and HDMI video output. The baseline 20GB version retails for $500, while the step-up deluxe model--reviewed here--boasts a 60GB hard drive, built-in Wi-Fi, a multiformat memory card reader, and silver trim for $100 more. Even though its original specs included even more features--dual HDMI output, for example--what's left is still a lot to throw into a new system, and the final product, expensive though it is, is quite impressive.