I can't wait for Wednesday! This is what I have been waiting for since day one of owning my PS3, in-game XMB.
This video shows everything more at once.
The trophies idea is actually...cool. I've never been too crazy for the gamerscore on XBL, its pretty cool, but its just numbers. Now, this idea of leveling up turns playing games sort of into an RPG in itself. I'm not wild about it, but personally, I like the idea better than gamerscore (although, both work fine).
If you ask me, this finally brings the PSN up to XBL's level for a gamer (the PSN's video store is due out this summer), if not makes it better for it is still free. I only hope this will force Microsoft to lower, if not completely get rid of, XBL's monthly/yearly charge.
Anyway, bring it on!