PlayStation3 Insanity

Video: Rick reports from the scene on Madison Avenue

• Photos: The scene outside the Sony Style Store

Would you wait outside for three days and nights in the wet and cold, penned in behind metal police barricades, to pay $600 for a videogame system?

Angel Paredes would. The 31-year-old New York City resident was the first in line outside the Sony Style store on Madison Avenue, arriving Monday night for a sale that begins at midnight on Thursday.

He's gotten some relief to use the bathroom and take a shower. His father actually sat in for him for a while, and the people behind him have teamed up, watching each other's chairs whenever someone needs a break.

"I've been a gamer since I was a kid," he told me, and he says he can't wait to try out the high definition graphics and advanced features of the new machine.

Others, though, are simply in it for the money. The PS3's are selling for $2,000 to $3,000 on eBay, so the payoff could be pretty sizable for what amounts to less than a week of "work" — if you can call it that.

Many have passed the rainy nights and days huddled under plastic tarps, playing cards or their PSP portable games. Some have laptops, many are smoking, and others seem to be sleeping a lot, sitting in foldout canvas chairs, and wrapped in blankets.

Sony actually gave out chairs and wool caps to dozens of the 400 or so waiting in line, most of whom have been remarkably well-behaved. The only problems so far have been dust-ups over people trying to cut in line.

"We need security out here!" One guy complained to me.

I looked at him and the others and said, "All of you are security! Just back each other up!" Apparently, it's not that simple.

In any case, if you're not in line, you're out of luck, at least for a while. Sony hopes to ship a million units by the end of the year, but considering they've sold 110 million PS2s, there's no way they can keep up with the demand. The best way to get one is to cozy up to your local retailer and find out when the next shipment is arriving. That, or you can wait until next year, when the prices may start creeping down.

Rick Leventhal has been a New York-based correspondent with FOX News Channel (FNC) since June 1997. You can read his bio here.