To start with I have a ps2 and psp so its seems like theres no real reason for me to get a 360. A few of my friends have 360 so we can play each other without having to leave the house. The fact that Sony has dropped the PS3's price has made a once easy choice (360) into a hard one, I even though about getting a ps3 when Gamestop offered it's trade in of a ps2 for 100 off a ps3. while the blu-ray offer has some crappy movies im sure i can exchange them for some good ones later on, although i have no real interest in blu-ray or hd-dvd. Onto my points for the elite: 1. the games, Test Drive, Forza 2, Gears etc. XBox has the best line up of games for any console. 2. Xbox live, theres no match. 3. 120 GB HD 4. Included HDMI cable. PS3: 1. Bluetooth 2. Built in WIFI 3. Expandable HD 4. BLu-Ray 5. better build 6. Free online play 7. Gran Turismo. 8. only $20 more than elite. I plan on buying from costco and these seem to be the best deals around: 360 Elite, Extra Controller and plug and charge kit for $528. While the PS3 comes with motorstorm and an extra controller for $580. I guess I should add I don't have an HDTV at the moment (none of my friends have HDTV with their 360's), but plan on getting something about 32 inches (hopefully with 1080p) and HDMI inputs and the ablity to use it as a monitor with my macbook pro.