I love the console itself. The games are fine, and I'm enjoying them. You can tell there's a lot of room to grow with the console for developers on graphics. Sometimes you're playing a game like Condemned and you're floored by how good it looks and then sometimes it looks like a hybrid game from last gen with higher texture resolution. Since games are so expensive to make right now the Xbox 360 is suffering from portitus like no other console before. That's both a good and bad thing. Since developers like Activision want Xbox 360 games at launch its good for the console, but they don't feel the need to push the system which is also bad. Someone could say a slightly upgraded Tony Hawk doesn't help the system, and that's probably true. However, not having that Tony Hawk is alot worse than having a slightly upgraded one. With the Xbox launch out to two months the games were about 75% crap filler that Microsoft funded just to say they had some new games.
Overall I give the launch games a B, and the system itself an A. I really dig the Xbox Live integration. If you don't have Xbox Live or an HDTV then you shouldn't get this console until it has more games. That's being honest, and 90% of the people buying one right now have both or at least one of those.
Someone asked above about the games purchased and here's what I have:
Gun (Rental) - Looks like a slightly upgraded Xbox version but runs really smooth. Gameplay wise its a gem, but for a next gen title I give it a C+.
Condemend (Rental) - This game creeps me out and I'm hooked on it. It's got the right amount of creepiness in it without getting stupid like the RE titles. Smart and clever gameplay that's only held back by repetition in spots. Graphically it looks great and times and sometimes just good. I give it a B+.
King Kong (Rental) - So far its really good, but I can tell I'll never play this game again when I get done ahah. Really good movie themed game though, so I'll give it a B- and say that's only because you play it once and that's about it.
Madden NFL 2006 (Bought) - I don't see what the problem is. It's Madden and it looks better than any version ever made. The game is great online and I love it. The modes missing are ones outside of training camp that I never use. I give it a B.
Perfect Dark Zero (Bought) - Mixed reaction to it as I feel the single player is a little weak. Graphically it's another rollercoaster that awes you at times and looks completely average at others ahah. You can definitely tell it was ported up from the Xbox. Online is great though and it's the best online title in the bunch. I give it a B.
Call of Duty 2 (Bought) - I love this game. It's the best WW2 FPS I've ever played, and it looks really great on an HDTV. A- since the online is weaker than it should be in regards to supported players.
Project Gotham Racing 3 (Bought) - Awesome Xbox Live integration and the slickest presentation of any racer I've ever seen. The graphics really impress, but you can tell they could make them look better if they had more time. The cars still miss the mark in a few areas that Poly seems to nail like no other. I'd wager the team at Poly for Sony is about 2 to 3 times the size of the PGR team ahah, so that could be the reason. The environments are wickedly accurate and detailed. This is the best game of the launch (A+).
NBA 2K6 (Bought) - Wow this games great and I really dig it. The graphics need to be improved for actual gameplay though, and that's really my only complaint. These BBall games need to tone down the sweat, it's a nice feature but it's overdone. I give it a B since it's essentially the same game as the Xbox version but doesn't really push the system graphically like it should.
Geometry Wars (Bought) - This is a must own if you want to purchase Xbox Live Arcade stuff. I love this game, and you'll see why if you play it. Best arcade game I've played in years. I give it an A- since it's so cheap.
There's no Halo here, but PGR3 is that Halo if you're a racing game fan. If you like shooters, racing games, and sports you'll love the system. It's no different from the original Xbox at this point and time.