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Couldn't agree more. No regrets about ever being an early adopter for exactly this reason. What I do tend to hold off on, however, are new game releases. Try and hold off until an inevitable price drop. I have too many games in the queue as it is.
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Yeah, I know what you mean. I still ended up grabbing Ninja gaiden at full price though, since I just couldn't wait until it dropped, even though I still had about a dozen games ahead of it in queue. I did finish off Gladius first though, since if I hadn't I might NEVER have completed it.
Only problem with waiting though is that sometimes games will just disappear. Case in point, I had a really hard time finding the original Advance Wars a couple years ago, since it had gone out of print and nobody had copies left. There was a point where you could get it for about $20, but then right after that it was gone. Now, I don't think that waiting to get, say, Pandora Tomorrow will be a problem (since I don't see it going anywhere), but something like the Mega Man anniversary collection? Some things you jsut have to get while you can...