In the recent issue of Time Magazine, they deemed the PlayStation 3 one of the biggest failures of 2006. The magazine said the “PS3 is hideously expensive,” and called the launch titles “lame.” The list of failures in 2006 featured only 5 items, and included Snakes On A Plane, Studio 53, O.J. Simpson, and Bode Miller. From the magazine,

The big story in computer games this year was HOW TO BLOW A HUGE LEAD, by Sony. Its PlayStation 2 was the champ in the last round of the console wars. This time Sony bet on a chip called the Cell and a disc format called Blu-ray. They’re probably awesome, but how would anybody know? The PS3 is hideously expensive–it goes for up to $600–and Sony manufactured only a piddling few hundred thousand for the U.S., fewer for Japan. Plus it’s hard to write games for; the launch titles were lame. You know you’re in trouble when you get beat by something called a Wii.

Ouch!

Read (Time.com, via Digital Displacement)