No, because unlike 20 years ago with your SNES, your TV already has a DVD player, a cable box, and a DVR plugged into it, and your receiver has separate audio inputs and mappable digital inputs, and your SNES didn't care about whether you had a WEP key or a WPA PSK key.
[edit] and as pointed out below, your SNES didn't have to download updates or set up accounts. You plugged it in, and there was Punch Out.
Give me a break. There's absolutely no reason a dentist or attorney should have to bother with this stuff.
It takes a good 20 minutes to set up a brand new 360 after you've gone through all the configuration pages, set up gamertags, created a Live account, linked your Live account to your gamertag, created an avatar, downloaded essential system updates etc. That's before it will even read a game disc, let alone creating a second profile for your kids with restricted access. You can maybe half it by not connecting it to the internet, but there are still far too many steps.
The PS3 has fewer steps but they're hidden in obscure menus and the downloading takes at least 12 billion times as long.
that extra step = 130 bucks