Sony really presented a well thought out platform from a design perspective, but things like no PSN carryover is dissappointing. This continues to be the one area where the PC differentiates: the PC/OS is a platform, not your model of your PC.
The Jaguar cores are solid processors. A developer at B3D had done some testing on Bobcat versus the PPEs in the Xbox 360 and PPE in Cell and from an IPC perspective his testing showed a 4x edge for Bobcat (0.8 IPC for Bobcat versus 0.2 for Xenon). Sure, they are half the frequency but they are easier to use, fewer "gotchas," more efficient, and there are nearly 2.5x as many in the box. True, they are small and sip power (hence the question why not more?) but it seems well balances against the 18 CU GPU.
Even if the CPU cores were deemed dissappointing 8GB of fast GDDR5 and an up-to-date gamer class GPU (18CUs @ 800MHz is about the ballpark for a Pitcairn GCN 7850) are both deserving of thumbs up. That, and a HDD standard and standard USB and BT, really round out a nice machine.