On a final note, I'm not saying being an early adopter of anything is wrong, but not only is it a risk with unproven tech as Shifty pointed out, it's an over-costly investment that might not be as rewarding and life changing as the hype makes it sound to be.
Now if its truly worth it or not, is a personal consideration, and I am not judging people for going either route, but if you ask me, I'll always say don't buy new stuff.
So, naysayers who said: the iphone is a bad idea, were short sighted. Naysayers who said, the iphone (when the first one came out, naturally) as of now, doesn't offer a great value, were pretty sensible people. Same argument works for any console at lauch prices IMHO.
I bought a DVD player for $800 very early in the technology's life. Didn't even have component outputs, much less digital. Yet even at the time of purchase there were all the new releases I wanted to see, and it provided a great picture at the time with digital surround sound that was miles ahead of VHS. My theater was a gathering place for friends with that player at its core for years. I still have that player, use it in a kid's room, it works great, sounds great, and plays all the new releases I can run down to the redbox to rent. That's over 15 years of value to me. Worth every penny and then some.
I'm happy that worked for you. I don't want to despise your decision, rather I just want to illustrate the type of logic I try to employ when making purchase decisions myself:
Option 1: Buy a good DVD player now for 800$ that I believe will remain usefull for decades.
Option 2: Spend 500$ on whatever other things I like, and invest the remaining so I can buy a DVD player (Xbox ONE Slim) of equal functionality and half the price 3 years later.
Option 3: Invest the 800$ and buy a more matured version of the tech (iphone 3G vs original, win 95 vs 3 etc...) -> This one only aplies to relatively new stuff as the examples imply.
Then you ask yourself:
-after using VHS for a decade of two and finding the quality of that pretty ok, how hard is it to wait a couple years more for the upgrade?
-Considering a DVD player will last for another two decades at least, does those 3 extra years you get by buying one early pay-off the 400$ you paid extra?
-How hot (or how many) is the prostitute I can get with the saved 400$? ( I' kidding. or am I?)
If the answerers are: Very hard, Totally, I don't like prostitutes, then go for it. But always makes those questions.