People can be critical of Guitar Hero and Rock Band's plastic guitars. That they're small, cheap, plastic. None of those accusations can be levelled against Logitech's wireless guitar for the PS2 and PS3.
It's got a wooden neck, metal frets and, luxuriously, a rosewood fingerboard. The strum bar and fret buttons are, apparently, silent. It's compatible with both Rock Band and Guitar Hero, and willl give you "hundreds of hours of battery life" and is, yes, $200.
Consider this the "budget" option for those of you who couldn't afford the $250 version from last year.
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Logitech Wireless Guitar Controller For PS3/PS2 Hands On [Gizmodo]