this controller is the only thing about the next generation that is even remotely interesting.
xbox360 and ps3 are just the same console, but with more restrictions (read: no more pira for all u ikeja and alaba boyz

) and better graphics (which are not as much better as ps2/xbox were vs N64/ps1)
but with this 'pointer' console, nintendo may have hit the jackpot.
someone said fighting games will suffer. I disagree. Tekken and streetfughter may suffer because they require digital control AND 4-6 buttons, but if you want to see what is possible with an analogue controller and a few buttons, play NARUTO: gekito ninja taisen on the gamecube. It may sound obscure, but believe me, you won't believe how unbelievably action packed this game can be! It's gameplay truly is the future for fighting games.
FPS will benefit greatly. All you xbox players gushing over halo should understand that, since u are using an analogue pad to play the game, you are still playing a kiddies FPS. Real men have always used the mouse+keyboard on the PC, and this pointer just may be the weapon console gamers need to finally catch up!
then there are the other uses demonstrated for the console, like the sword+ shield combination, and various gesture-based games. Also, mouse-based games on the PC (such as starcraft, commandos, etc) will be easily converted and even easier to play!
Nintendo has always had the right idea as per controllers..... sony will just copy them once they release their console, just as they copied them with the ps1 and ps2 controllers, and with the wireless gamecube controller. Just wait!