Darn, when I got my slimline PS2, I used to laugh and pity all the people who had the big bulky old model....
Now i'm going to be the one laughed at by having the giant paper weight of a first edition PS3...

Although i'm actually really excited about the new PS3 coming out even though i'm not buying one....

Reason

The PS3 has really suffered from the high price with low sales... Low sales means less owners. Less owners means less people buying PS3 games. Less people buying PS3 games means less developers dedicating time, resources, money to developing PS3 games...
With the new console and hopefully a big buying plunge on PS3's, a lot of game companies will get their act into gear and return Playstation to it's rightful spot at the top of the console pile in regards to best gaming experience overall...

Right now the wii is doing like 5 times the sales of sony in all aspects and it means we PS3 owners aren't getting the attention that we'll hopefully get soon once this new one comes out..