Jeff Nolan, an extremely informed venture capitalist (and all-around clever, affable guy) does a bang-up job of charting the flop that the PlayStation 3 has been for Sony.

[T]he PS3 is getting outsold 4-to-1 by the Wii, they slashed the price by $100, and a big promotion for Sony’s Blu-Ray entertainment content still hasn’t ignited the one reason why I would get a PS3, a manufacterer subsidized Blu-Ray player.

...About that price cut. Just last week Sony was issuing official denials only to come out at E3 (which opens tomorrow) today announcing the price cut they denied last week. Clearly this was less of a denial and more like "we can’t afford to have anyone wait a week to buy a PS3" plea.

Jeff thinks that Sony should buy Linden Labs (the creators of Second Life) in order to leapfrog the competition. He may be right, but has anyone else noticed that nobody talks about Second Life (whose growth is slowing) very much anymore?