Xbox 360, PS3 – What’s the point?

I've been waiting since the Xbox 360 has been released to buy the system. I keep waiting and waiting. I currently own an Xbox and liked several games - even though I'm not a huge gamer. I like action RPG's and adventure games, primarily.

I've also been looking at the PS3 since it was released. I used to own a PS2 a long time ago as well.

But, I'm still wondering - why did either of these companies even produce these systems?

In 2007, do we really want to be playing Missile Command? Pac Man? Joust? Double Dragon? Paperboy?

Those games were fun; for their time. But it's 2007. Surely we can do better, right?

So far, for the Xbox, the only game that interests me is Elder Scrolls: Oblivion. I haven't seen anything for the PS3 yet. The quality of games doesn't even seem much above the Xbox for either system.

How much longer before something good comes out? Really?

I'd buy some PC games, but I'm sick of upgrading my PC and everything seems like its an MMORPG anyways - and I refuse to play those wastes of time.