I have had this debate with many people. They both have the same processors but the PS3 is a little bit faster. The PS3 has a the blu-ray player and xbox has the HD DVD player. Depending upon how much blu-ray catches on, this may or may not be a loss for the 360. Many have said that the DVD will be the last form of popular disc-memory units. In my mind, it all comes down to the games. It is my belief that the 360 is now winning in this department and will hold that title for a long long time. I like to think of it in basketball terms:Halo series: Michael Jordan. In a study (I will try to find it) done approx a year ago, 92% of people who own an Xbox, own Halo. This far surpasses any title that can be found exclusively for the Playstaion series. Gears of War: Lebron James/ D Wade Given the name "The Halo Killer", Gears will take over where Halo leaves off after Halo 3. Gears could possibly be the best video game out right now. Had one of the (if not THE) highest release numbers in history. Gran Tourismo: Wilt/Shaq Highly regarded as the most dominant automobile game ever made. Grand Theft Auto: Pete Maravich True, GTA will be released for both systems simultaniously. But it hasnt happened yet. Therefore, I will generously give GTA to Playstation for NOW. To put it simply, GTA changed video gaming. Take a look at all the top selling games our there that are run on a similar platform. I.E. Saints Row, The Godfather, Crackdown, etc, etc, etc. So, if your going strictly by numbers, all you have to do is ask yourself who would win in a game of 2 on 2? Jordan and James/Wade vs. Maravich and Shaq/Wilt.In my mind, it just came down to my opinion. I would rather be able to play Gears and Halo than Gran Tourismo and GTA (which is now on Xbox. But like I said, it hasnt been release simultaniously on both systems yet. Until that happens, PS gets it). Plus the online aspects on the 360 far surpass the online aspects for the PS3. I will probably end up buying a PS3 in a year or two when the price goes down. But as of right now, Xbox definitely gives you more for your money.