No. The PS3 is a terrible system, get a Wii.
All kidding aside, the PS3 has the best line up of exclusives and multiconsole titles this generation. It took them awhile to get there and for few years, the 360 was the go to console having the better exclusives and all the multiconsole titles the PS3 had. Sony has been churning out great first party titles on a regular basis, they've been getting a lot of amazing exclusives, and most of the best exclusives for the 360 took a year or two, but have since came out on the PS3.
If you import, then even more so. Gundam Extreme Vs is definitely worth it, as you don't need to know Japanese in order to enjoy the game.
Then there's also PSN+. It's $50 for a year and it's pretty much a monthly rental service, but it's a damn good program, and if I didn't hate digital content so much and wanted to own a physical copy, then I'd pay the $50 a year for it. Well. That and my best friend pays for PSN+ and I just gameshare with him. Anyways. Each month you get quite a few PSN games, usually it's one really good item and the other ones range from good to mediocre. Some of the games, if it wasn't for the PS+ I never would have played being digital only. This month alone is offering Just Cause 2, Far Cry 2, Infamous 2, LBP2, Warhammer 40,000, Ratchet and Clank All 4 One, Virtua Fighter 5 Final Showdown(just came out this month,) and Hard Corps Uprising as the games that I'd say are either really good or good. People will argue that everything on there is random and you might not get anything you'd like, which is true, but what has been released has been good for the most part(although this months releases, I already own everything aside from Far Cry 2, Warhammer, Ratchet and Clank, and the digital titles.) If it runs out in a year and you don't resubscribe, once you resubscribe is when the games you previously subscribed to will be available to play again as well as new games offered, so it's worth it. Every month PSX titles are also pushed onto there as well. One month every Syphon Filter game was on the PSN+, another month the entire Crash series, Spyro series, Final Fantasy 5, SotN, and Castlevania Chronicles. Those are just the ones that I remember. PSN+ is a great deal. If I wasn't game sharing with my friend, I'd get it for myself, and even thought about getting my own on a few occassions because my friend has two PS3s, which I sometimes deactivate my account so his kid can play games on other console.
*edit*
Btw. The PS3 is not backwards compatible for PS2 games on newer models. PSX games yes, but not PS2 games. If you want a backwards compatible model, I'd suggest looking up the codes on a Wiki somewhere for the 20 and 60GB model numbers and pick one of those up on Ebay. Sony is allowing you to send your console back now and get a refurbished version of the exact same model you currently own, so you could always find a cheap one on Ebay and then send it in for a replacement, although the replacement is $100 something, you'll get practically a brand new 60GB PS3.
If you don't mind keeping your PS2 and then using your PS3 for just PSX and PS3 games, then I'd say get a newer model. I think they come standard with a 320GB hard drive now so you won't have to upgrade your hard drive like those of us with a 60GB more than likely did.
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