There’s a lot of both excitement and skepticism about PlayStation Home. Here’s a list of common reasons for each. What’s your take on the issue?

Reasons to Get Excited for Home

• Character avatars provide informal non-verbal communication that you don’t get with plain text/voice chat.
• The Second Life or Web3D type concept has untapped potential and PlayStation Home looks like a much more polished and accessible system
• Platform-wide lobby and community.
• Attend E3-like press events yourself virtually rather than read media coverage off of a web site.
• Game or movie promotional web sites might be more interesting as a virtual place that you can actually walk into and observe the vibe of the crowd.

Reasons to be Skeptical of Home

• 3D avatar centric interface is unnecessarily bulky compared to a simple menu-driven interface. Even if both style of interfaces are available, why bother with the 3D version?
• What’s the point? Feature set doesn’t look compelling compared to existing socialization and community systems.
• Lofty concepts like this often look amazing on paper when everything is in your imagination, but the finished products usually never meet those ambitions.
• Reports from beta users are rather underwhelming.

UPDATE: Minor additions to skeptical list.