I saw the press conference for Sony online. It was an OK show, and in my opinion, with no big suprises. The biggest secret was the “new” controller which was looking the same as the old one, but with similarities to the Wii controller which we will get more info about this afternoon (in Europe, in the morning in US).
The price was also a bit high, but you get a Blue-ray player. A stand alone Blue-ray player will probably cost about the same as PS3.