I've owned both since launch and really enjoyed both, I currently find myself playing PS3 WAY more because I broke my 360 (there was some water involved with the 360 running without the case on and it ended in smoke and death, microsoft doesn't cover these things AFAIK.) Both good systems though, although PS3 will have Gran Turismo 5 which I would buy any system to play regardless of price, GT series is pretty **** entertaining.