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I'd never heard of any Sony plans to make it a family console before, whereby Reggie has been going on about Wii's family plans ad nauseum for years.
Having said all this though, it seems a shame, as LBP does look very cool. I do not think it will be a family friendly enough gimmick to cause families to overlook the price investment though. Maybe if they halved the price and advertised it more as a BluRay player. As well, the PS3 has few commercialized "killer apps" that are family-friendly.