One of the bigger controversies surrounding the PS3 is whether or not the inclusion of the Blu-ray drive was a good idea. The upside? You get a ton more storage than a DVD and, if you're Sony, you also get your format into many homes using a gaming system as a Trojan horse.
The more storage you have for games the better, right? Well, let's review the oft-discussed downsides: Blu-ray drives are expensive, but they are also slow. The 2X Blu-ray drive in the PS3 moves data at 9MB a second. Not bad, right? It's actually relatively slow. There was some arguing over the speed of the Blu-ray player between Ozymandias and Mark DeLoura, as chronicled here, but they seem to agree that Sony's Blu-ray drive is slow:
Admittedly, Blu-Ray looks dicey from several non-capacity angles. Blu-Ray movies require a 1.5x Blu-Ray drive, or 54Mbits/second. Sony announced that PS3 uses a 2x BD drive, which is 72Mbits/second or 9MB/second. The Xbox 360 uses a 12x DVD, which should give it about 16MB/second. That is significantly faster for games and will result in shorter load times. And that 12x DVD drive should be a whole lot cheaper. (Note that the PS3 drive will do 8x DVD, and even that is faster than 2x BD.)
This is not good. One of the ways around this slow loading time is to enable a one-time install of many of the game's assets onto the hard drive of the PS3. In the case of Genji it decreases load times from 12 seconds to 4 seconds, which is a significant improvement. However, if you buy and play a lot of games, that may lead to some troublesome data management, as even 60GB drives may seem small after installing a few dozen games. Who wants to install their console games anyway? Isn't this one of the reasons we're not gaming on a computer?