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I will start by saying I have a 360. It is currently out being repaired. When it died, I thought about getting the PS3, but there are 3 major things about the PS3 I dont like.
1) Game are still being developed- will be at least another year berfore there are numerous titles coming out due to the new format--FYI 360 also had this issue and with time it is overcome
2)Online for the 360 Rocks- this is the major thing that has kept me from going to the other side
3)Blueray- The HD DVD platform has yet to be decided, I gotta say my family had a Beta VHS player back in the day with lots of movies, I dont want to make that mistake again, at least with the 360 if every thing transisions to Blueray, they would be able to design a new drive as it connects via a USB- the PS3 is internal= your screwed!
My .02
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