360 wins big time. Microsoft kind of got fucked in the ass by the HD-DVD and blu-ray battle, but that's about it. Supposedly the PS3 has greater capabilities, but from what I've seen from the one friend who has PS3, 360 graphics are usually on par or better. While you do have to pay for Xbox Live, it's way better than the PSN stuff. 360 also seems to have better games, except MGS and FF, which might change things a little bit. Finally, wayy more people have 360. I've got 4-5 friends that I can play call of duty 4 with regularly, and half the fun is making jokes and talking shit with your friends. I've got like 25 friends on my list for 360, but only know 2 or 3 people that even have a PS3.