Its not lame at all. I have that very setup.
And the PS3 is computer. It has more processing power than a 2000$ computer from Alienware. Sony's problem is that they marketed it as a 'gaming console' which is why people have trouble with the price tag.
Had they marketed it as a computer, it'd be selling better than the Wii. Try finding a computer with half the power of the PS3 for 600$.
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