People complained about the price of the PS3 when it first came out (and yes, it was very high). But to turn the 360 into a PS3-like machine (HD-DVD drive, Wireless adapter), made the console cost even more than a PS3. If you didn't need wireless, and were smart enough to avoid HD-DVD, yeah, you saved some money over the PS3. At the same time, you can't feel smart getting a 360 then paying out the ass for add-on's that come standard with the other console.
That said, when is the 360 getting Blu-Ray?