They aren't overpriced - it's actually underpriced for what it takes to manufacture. The PS3 is about the cheapest Blu-ray player you can buy.
Yes they are all guaranteed to have kinks...
But the manufacturers usually offer to fix or replace the problems eventually anyway and the point in buying these is the experience of playing them. Many people want them just for playing together with family or friends during Christmas...especially the Wii.
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