1) Expensive or not, PS3 has a good first few months. Much better than what was on the PS2, which was basically Ridge Racer V, Tekken Tag Tournament, and then a batch of mediocre games that wouldn't even get a glance today in 2006.
2) I have to commend Microsoft. I like how there are now three significant RPGs in development for the 360. All of them look ace too. You can tell Microsoft is trying to get a more balanced lineup with the 360 as opposed to the action packed, racing filled library of the original Xbox. I'll be looking forward to owning all of these games as they come out.
3) Sonic the Hedgehog looks like FF8 meshed with Sonic. I was not going to get this game but now I will wait a bit. Sure, it probably won't be as good as Wild Fire but I'd be willing to give this game a chance if it delivers.
4) GTHD is a joke and I hope nobody buys all the microtransactions. I imagine a few idiots will but if this model becomes successful, I fear the future of racing games.