I'm a 3 and 5 as well, pre ordered every console for launch since the Dreamcast (PS2, Gamecube, 360, Wii) but got no interest spending £425 to play 75% 360 ports.
When it comes down to £300-350 (which will be Christmas at the latest imo) I might be more interested.
With a bit of luck this launch will bomb and might give Sony the kick up the **** they deserve and maybe they won't treat Europe with such contempt in the future. Taking the hardware emulation out to save them money while at the same time charging the UK more than anywhere in the world just about sums them up, thanks very much Sony...