You are actually saying that most of the ps2 games look worse than gamecube games? Granted ps2 has the worst hardware out of all 3, but c'mon the good ps2 games look just as good as a many xbox games and pretty much the great majority of gamecube ones. Long loading times, c'mon ... many of the games I play have extremely little loading in them and much of this is due to the fact that ps2 doesn't come with a hard drive so the game can't use the cache. You have to take into account that the ps2 is a pretty old system and obviosuly years later new systems will be improving on things.
Also, I got my playstation 2 on the first day, and I've dropped mine countless times and it is still working perfectly. My cousin's ps2 also worked after his basement got flooded, but his xbox didn't. If you are dropping your console from 2 feet anyway of course there will be a risk of it breaking. Drop a my computer a few times from a few feet high and things might not start to work right after awhile.
The blue ray thing is a little shaky. I think the most likely thing in this hd-dvd vs blueray war is that niether will win, so this new format doesn't matter. Yah there are rumors that ps3 games could actually even go up to 100 bucks per game, but until games start coming out this is all just speculation.
To the E3 thing, I read the same thing and I'm actually fairly certain that is true. However, they did it with games that were available on xbox360 and ps3... it's not like they were running an exclusive title like mgs4 on the xbox360. But I do think that is a little strange as to why they did that.
But also nintendo wii did something similar, a lot of games they were showing were running on gamecube but no one really says anything because they are both Nintendo consoles.