Count me in as ready to lose about a few hundred hours of my life playing this game. I was oblivious to the Fallout series prior to Fallout 3. On a whim, I decided to give it a shot. I was hooked instantly.
Fallout New Vegas isn't a sequel but another story within the same world of Fallout. Not much info released yet on the game (although there are some rumors that are very likely). More info on the game will come in the next couple weeks via Playstation and Xbox's magazine.
As a fomer Sony employee, I can say for a fact that the PS2 is made from the cheapest parts available (just like they way the are cheap with employee's pay). It is the most shittiest DVD player, a tier above first-gen players.