I've heard that there are many bugs and glitches, while some are minor there are some that are game breaking. I've even heard that some PS3's have been killed by this game. Should i risk everything and go buy it? I have the original big 40gb PS3. It runs perfectly fine. I've been thinking about holding off for a week or two, cause maybe by then updates/patches would be available. I've gotten past Bethesda games like Oblivion, Fallout 3, and Fallout New Vegas. But i only got them once they hit the $20 mark and by then all patches were available. So should i risk it and buy it? Or wait a couple of weeks or a month or two.
I am running it on an old 80 gb PS3 and haven't had any problems yet, whatsoever, knock on wood. Except two small issues: I have had two freezes, one was about ten seconds long, and the other I had to reset the console. But I've logged easily 20+ hours so far.
It looks great, runs great. Bethesda did better with the PS3 users this time around. I would continue to check around though, about your 40 gb. May get toasted, may not.