I firmly believe that the PS3 is not that far in development as they are indicating. Maybe they will prove me wrong but I cant see them making the november world wide launch date.
This years E3 will belong to Nintendo.

seems strange as they've been working on it since PS2 was barely out the door

Thats because of all the time they invested in the Cell chip. Futhermore the trouble theyre having in making it function optimally.

Another thing is the software... you can't get to work on that untill you've go the harware spec finished or some sort of model.

good shout annOuk

Whats funny to me is that everybody dogs nintendo for being horrible with pr, but as far as I can tell nintendo has basically owned the last several E3's and this year will be no exception. I thought it was brilliant how nintendo owned last years e3 without much of any mention of the revolution while sony's conference touted the greatness of the ps3 vaporware and MS had demo x360's (running on twin dual g5 macs) on the show floor. How did nintendo own e3...reggie kicking butt in the nintendo conference, the DS, and Zelda.

I cannot wait to see nintendo show the world how to properly announce the introduction of a next gen system at this years e3. I cant wait to watch the nintendo press conference.

PS3...this year??? maybe not???