I want to hear from someone that has both systems and get a review of both systems, good and bad and and tell what one they would rather have if they could only have one.
Well aren't you a fussy one. I have both.
It's an obnoxious thing to say, but you should get an HDTV. You can get a decent, 26 inch 720p one these days for something like 400 dollars. The 360 and the PS3 are both high definition gaming systems. Playing them on a non HDTV is like buying a Porsche 911 Turbo and then using it to drive around parking lot.
I find that the gap has been narrowed over the past year between the PS3 and the 360 in terms of games. Ratchet and Clank I really enjoyed, and plan to enjoy MGS4 too, as well as wet myself when they FINALLY announce FFXIII.
The 360 is not an elegant piece of machinery. It feels very cheap when you pick it up. The PS3 is verrrry pretty, and built like a tank. Plus, type "Red Ring Of Death" into the forums searcher. I've heard of a lot more problems with the 360's hardware then I have concerning the PS3's hardware.
That said, I really do enjoy the 360's games more, as well as some of the downloadable content off XBL. Streets of Rage 2? I mean, come on! AWESOME. I'm not as huge a fan of the 360 for playing in big Halo 3 deathmatches online, because you commonly get destroyed by 12 year olds who spit out profanity every time they cut you in half with the power sword. But yeah, XBL is a great way to play against friends of yours from disparate lands.
However, XBL Gold (the version you need to play against people online - silver is free, and is used simply to download content) costs 100 dollars per year. The Playstation 3's network is free.
To be honest, I've found the graphics on the PS3 to just be better. Ratchet and Clank has some scenes that really do blow your mind, and the physics engine in it is just sick.
It is undeniable that the 360 has a wide selection of games so far, and one of my favorite games ever is Gears of War. It does make me a bit annoyed that I feel that the "exclusive" titles for the 360 that get incredible reviews (Gears/Bioshock) are just insanely, insanely violent. I'd really like to see more top notch content that's not just geared towards people with strong stomachs. With titles like Ratchet and Clank already out, and Little Big Planet on the way, I feel like PS3's quality content actually covers a wider age range.
I do like them both, and again, the games for the 360 _so far_ have been, one the whole, superior. I mean, what can you say - there are just more good games currently out for the 360 than there are for the PS3. However, after a false start, I feel like the PS3 is picking up speed, and I feel like the PS3's upcoming games are far, far more exciting than those for the 360. We'll see what 2008 brings.