Some quick RAGE impressions after about 90 minutes of gametime. So far I like it. From watching vids of it, I didn't really think it looked very interesting, but I'm actually enjoying it.

One of the best looking 360 games I've seen so far. (once the textures load in) The gunplay isn't bad, and the enemies do some interesting things in combat. It remains to be seen whether it can maintain interest through a complete playthrough or not.

Would I buy it for full price? No. But for the <$12 and a couple of games I'd never play again, it was worth it. It will probably be a game I play in short spurts, especially with Forza 4 hitting next week, and Battlefield 3 not long after.
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I blame pilot error.
A console is just a PC with most of the non-gaming bits stripped out.