Wait. While my husband and I already have a PS3, we want a second so we don't have to take turns, and we are waiting for the 80GB bundle (not a rumor; see first link) to come out in June. It is a better deal than the 40GB.

What the 80GB will have that the 40GB doesn’t:

40 additional GB

2 additional USB ports (having to buy a USB hub for the 40GB will cost about $25.)

Card readers

PS2 compatibility

Super Audio CD support

Metal Gear Solid 4 ($60 if purchased separately.)

Dualshock 3 Controller ($55 if purchased separately)