While we have yet to see this PS3 ad on TV, it's certainly popping up left and right on the internets. The theme: "The wait is over". Hardly original, but nicely executed. Even with that being said, I can't seem to get over the fact that the wait isn't (or won't be) over for most people who want a PS3. There's going to be an initial shortage, and the $499 - $599 price tag will keep the console out of range for many gamers...like the kid in the commercial.
Anyhoozle, here it is, in all its glory:
Update: Jer just sent me this new Xbox 360 commercial. Here we have something that is both original and nicely executed. Because of this, I don't feel the need to pick out things that are wrong it. It just is, and it is good.