I sure hope the 120 gig hard drive goes down in price fairly soon. I'd consider it for 100$ (Still a rip off but more reasonable), but not for $180.

Theres a couple games on that list I wouldn't mind buying (Never tried Fable or Indigo Prophecy).

And theres a ton of great titles not backwards compatible. And its no where close to 75% compatibility, and I haven't played a game yet in BC mode that doesn't have noticeable problems. A Good 50% of the games I've played are bad enough I'd consider them unplayable under emulation, such as Project Gotham Racing 1.