PlayStation 3 is going to be great. Blu-ray isn't Betamax as many say, it will truly be a format that people use. It has so many advantages over Microsoft and Nintendo. Over the Xbox 360, PS3 will have motion detection in the controllers, a 60 GB HD, blu-ray playing (those will cost 700+ when they come out), exclusivity in games, better processor, and the fan base. I can't wait.
If the US eliminates the gas tax involved and lowers the environmental standards to a low level, prices would probably be around 1.50. Saudi doesn't have taxes...
Also, he's only doing this 'till December. I think it's pretty logical. Less spending at the pump, more spending by the public on everything else to better the economy.