I waited for a little price decrease before I got one. Finally.....the 40 gig version came out. Sure it doesnt have the media card readers (who cares, theres other methods), went from 4 usb ports in the front down to 2 (i'll probably never have more than 2 playing at once anyways), lost backwards compatibility (whats the purpose of buying a ps3 if you are gonna play ps2 games on it?) and its a 40 gig (can upgrade that for nothing). I think $399.99 was still a tad steep but worth it compaired to the other versions. Just my 2 cents on this version. I love it.