Editor's Note: This information was taken directly from the Sony website.
Hard Drive: 2.5' Serial ATA (500GB)
Communication: Ethernet (10BASE-T, 100BASE-TX, 1000BASE-T) IEEE 802.11 b/g Wi-Fi Bluetooth 2.0 (EDR)
I/O: Hi-Speed USB (USB 2.0) X 2
Dimensions: 290mm (w) x 60mm (h) x 230mm (d)
Weight: Approximately 2.1 kg
CPU: Cell Broadband Engine™
GPU: Reality Synthesizer
Removable Media Slots: None
Power: AC 120, 60Hz
Backwards Compatibility: Due to the availability of an extensive line-up of PS3™ system titles, the 500GB PS3™ system is not backwards compatible with PlayStation®2 titles, but does maintain backwards compatibility for some original PlayStation® titles.
The PlayStation 3 offers free online gameplay through the PlayStation Network.
Multiplatform games tend to have performance issues on the PS3.
Although it's a last-gen console, the Sony PlayStation 3 is still among the best gaming systems thanks to free online gaming and a huge roster of games.