From kotaku.com:
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An industry insider who goes by the name Fishie (how very appropriate) says that he got some hands-on time with Playstation 3 games in Japan and wasn't too happy with what he saw.
From his comments:
Have fun waiting a while longer boys. No way that thing is coming out in March. The games just arent there and lots of other isseus I cant delve into right now.

Before you start thinking that Fishie's post is, um, fishy, he has earned himself a tad more credibility than the typical poster by reporting dead-on facts about the 360 a few weeks before E3. Back then he called the 360 titles underwhelming and said that while there may be some kickass stuff, most people won't be floored.
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From joystiq.com:
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Ignoring for a moment the deep-seated psychological trauma behind it all, we've found this image which takes PS3 and Revolution mockups and compares them to the Xbox 360, Xbox, PS2, slimline PS2 and Gamecube.

It looks a fairly realistic mock-up, with the Revolution winning "tiniest console by far" award, stealing the crown from the slimline PS2. However, if the Revolution really will be that small, we can't help but wonder how large the power supply will be in comparison.

Click image above to view complete image

From slashdot.org:
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Disney, Warners et al, the companies behind the AACS content management system, apparently can't get their act together to complete the standard they wish to impose on Blu-ray. The result? Pioneer has the first Blu-ray drive for PCs ready for market next month but is openly admitting the DRM issue may force it to delay." From the article: "The inability of the companies behind the AACS (Advanced Access Content System) content management system to complete their work has already caused Toshiba to put launch plans for its HD DVD player on hold. AACS is made up of a number of companies from the electronics and content industries. The group's founders include IBM, Intel, Microsoft, Panasonic, Sony, Toshiba, Disney and Warner Bros.
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From gameshout.com:
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Many video gamers have shown a high respect for the Sony PlayStation 3, as they prefer to hold out on buying a next-generation console until PS3. In a GameSHOUT survey that was compiled in early December, GameSHOUT community members choose PlayStation 3 over the Microsoft Xbox 360.

Then we saw what happened in Japan, when Microsoft barely sold 44,000 Xbox 360 units. It is certainly true that Sony PlayStation 3 has won the battle of trust with video gamers in this first round of next-generation launches.
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Read More: gameshout.com

From gamersreports.com:
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In a recent interview in Edge magazine, Richard Huddy, European Developers Relations Manager for ATI, spoke a bit about the technical aspects of the Xbox360. He also mentioned the PS3 -- basically saying that the unit had serious power but the power is "brute force" power. The Xbox360 was much more "refined," he said. "A pretty powerful piece of hardware, but just not elegant."
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Read More: gamersreports.com