TIME magazine deems PS3 a bust

TIME magazine rounds up the five "phenomena" on the year that captivated the media momentarily before ultimately going bust on the hype. The PS3 shares the not-so spotlight next to Bode Miller, Studio 60, Fox TV's canceled If I Did It program, and Snakes on a Plane as the year's biggest letdowns according to the magazine.

From the article's sub-section entitled HOW TO BLOW A HUGE LEAD in video games: "The PS3 is hideously expensive--it goes for up to $600--and Sony manufactured only a piddling few hundred thousand for the U.S., fewer for Japan. Plus it's hard to write games for; the launch titles were lame. You know you're in trouble when you get beat by something called a Wii." Sony would have to try really hard to get anymore negative press for the PS3, not to mention other facets of the company's endeavors. Can an electronics brotha get a break? Maybe a slight one if we didn't run this story...

[Thanks, lk]

This article was originally published on Joystiq.