First, let's look at the North America and Japan launch. Very limited supply, most of which wound up on eBay. The Cell yields weren't as high as expected and the blue laser diodes were MIA, coupling together to give us the small batch of systems available before the new year. Aside from the hardware itself, the games are underwhelming for now. Genji even has a massively damaging glitch that delivers a critical hit to your enjoyment level. Sure, there haven't been too many reports of defective systems and Resistance is a pretty good game, but would you take a bullet for them? Others were robbed at gunpoint -- one guy got shot with a shotgun after refusing to give up the $2500 he was carrying.
Now, let's ask again. Is it really a bad thing that Europe is getting the PS3 in March? By that time, there will be more units available. At least we hope... Sony. Also, with increasing unit numbers, that means also the yields on the Cell have gone up and diode manufacturing is moving along swimmingly. That, in turn, means less (if any... but there's always a couple) defective units. There will also be a much larger selection of (hopefully awesome) games in March. Coinciding with the European launch are many more high profile games in addition to the launch in North America and Japan, such as Lair, Armored Core 4, Motorstorm, Heavenly Sword, and others. Those might not be initially available on launch day, but they're all due out around that time. With all that in mind, I ask you, is it really a bad thing? Who's the winner here? I say to Europe, you're lucky. You will have a much more exciting and successful launch. Just my two cents.