xBox 360 or PlayStation 3

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@ mikrucio

Ummm, I don't know what specs you're looking at, but you're wrong.  Most PS3 games so far would fit on a DVD-9, only a select few have required more space than that (usually 13ish gb).
The PS3 has LESS ram available for processing - the 360 has a much better architecture - this is the reason why developers are complaining about the PS3.  The Cell processor is more often than not underused simply because it's hard to program for, and this is why third party games will not take advantage of it (similar to why the GC/Xbox got so many PS2 ports last gen).  

The PS3 DOES NOT have out of the box 1080p video - it doesn't even come with component cables - buy a $699AU machine and you get composite video cables.  Yay.
Also, I have yet to see a decent first party game from Sony on the PS3.  I HAVE seen good first/second party games on the 360.

The short of it is this:  The PS3 is a much more reliable, quieter system with the bonus of having a built-in Blu Ray drive.  It's more expensive and doesn't come with decent cables, but it's a solid piece of equipment.
The 360 on the other hand is less reliable (aided somewhat by a 3yr warranty), cheaper and has many more games and a much better online system.  These are not my opinions, they are facts.

 :-)

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@ mikrucio

I agree with you - a lot of the posts on here are uneducated - I believe some of the stuff you said previously would fall into that category too  :-P

@ others

Just a couple of things:

- Why on Earth do any of you care whether a console is 'Amiga-like' or not?  I could go around saying 'well, my Zune is Amiga-like because it has good graphics' - clearly my Zune is not an Amiga, and clearly nobody cares.  What does 'Amiga-like' mean anyway?  Does it mean it's Amiga-like because it has co-processors?  If it does, does that change the way you interface with the console at all, or is it just a point for you to hack on other consoles?  Seriously, give it up - modern consoles are not Amigas.

- Please bother looking up what you talk about before you start spouting it.  The 360 is not on a 5th hardware revision, and even though I have been victim of a 360 failure, I must commend MS on their customer support and their 3yr warranty.  Many other companies *cough* Apple *cough* have completely ignored issues with their products i.e. iPod screens cracking etc.