I remember reading up on the blurb about Blu-ray ages ago as they compared the pros and cons of it to those of HD-DVD. I' m sure I had read that a benefit of Blu-ray is that the discs can be read at higher speeds because the data is packed much tighter, whereas to achieve the same bit-rates, a HD-DVD would need to be spun at a higher speed.

Surely this means that Blu-Ray discs should have very short loading times? So what is the excuse for the PS3 apparently having atrociously long PS2 style loading times?

I think it' s the fault of the architects at Sony. They' re repeating the mistake they made in the design flaw of the PS2, and once again they' ve made a machine with that same flaw. They just didn' t think of improving against that and stop wasting our time with incessant loading delays.