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The main difference between the two are the styles of there games, and this is why i went for the PS2. In my opinion i see the PS2 being more for me as it offers me more sport games and action shoot-em-ups. To me, i think the X-box is mainly going to be about strategy games and FPS, none the less, im sure that it will have a broad range of games when more are released. But all 3 consoles have there speciality, PS2 i see has the most shootem ups, GC has some great platformers and X-box will have some great FPS.
I had the Dreamcast for about a year (sold it for the PS2) yet would still recommend this console to people as it has some excellent games i.e Shenmue, Ecco, Sonic and, I still maintain, that MSR is THE best driving game (personally prefer it to GT3 any day!)
So far I haven't played any really amazing games on the PS2 yet (and no I don't have MGS2 at the mo!) so hopefully it's still got a lot of life left in it to improve and produce the kind of next generation games it can be proud!
To be honest, if I were you, I'd enjoy the PS2 now and in a years time, perhaps you'll change it for one of the others - or even wait for the PS3 !!! :-)
hmmmmm
Now the X-Box does not interest me because it is too much like the PS2 and there is no way Id buy another console that is only going to give me silly convesrions from the PS2 and things like that. The PS2 has simply got more quality about it and if I was to go for another next-gen console it would be the Gamecube.
So while the X-Box may not have any variety as it is released I am sure it will have a same type of games as the PS2 in the coming months.
But the PS2 got a large user database by now and it will be almost impossible for Microsoft to catch up, let alone win the war..