Sony Fights Back: Home

Sony introduced its new offering: Home.
Just watch the trailer and you'll get a good idea of what it is. Its like "the Sims" only each person you meet is an actual PS3 user. In a nut shell, meet and chat to others and start online games with them.
It has been compared to Nintendo's "Mii" system and to "Second life". The service is free and looks quite good really. This is however is NOT a life saver in my opinion. While a step in the right direction, it is still just a large chat and meet programme. The PS3 needs to pick up the pace a little bit.