360 seems to have the current edge. A bigger games library, wider acceptance due to the 3 skews, and 1 year headstart. PS3 may make a dent this year with the $399 skew but be advised you have to get the 80 gig PS3 for backwards compatiblity where the XBOX only required a hard drive. Another option is getting the 20 GB model PS3 off ebay. IT's cheaper and has the full backwards compatibility. That's what I did and it's great.