I have the Wii and a 360, and always thought the 360 dominated the PS3, but with the new release of the "slim" 120GB it definitely has a lot to offer. If you're into online gaming with buddies and shit like that, the online community is way better on the 360 but does cost 50 bucks a year, while online play on the PS3 is FREE. Keep this in mind...
The $299.99 360 has a 120GB HD, No Wireless, and No Blu-Ray Player. If your router is on the other side of the house (like mine) you'll have to shell out 100 bucks for a wireless adapter.
The $299.99 PS3 has a 120GB HD, Wireless Built In, and a Blu-Ray Player!!! IMO, the clear better VALUE is the PS3.
If money isn't an issue, get em' both as they are both awesome gaming machines. If you are worried about JUST games, get the 360. Looking for more of an "entertainment" system, get the PS3!
