Ps3 or xbox360??

I have an XBOX ELITE, the speed is phenominal as is picture resolution, the huge range of games is mind boggling and the accessories are first class. Another good point is that i stream SKY tv through it, I have also loaded close to 2000 songs onto the hard drive so I can play any music I wish whilst playing a game, speaking of which, the XBOX LIVE aspect is truly stunning, pick a gaming partner from anywhere in the world.
The only true downside is that it does not have blue ray, personally this does not bother me so it`s XBOX all the way, have fun !

360.  They have way more games, their online gaming is better and more popular plus they are in the works for an amazing new project in the making called project natal, where it's like a wii, but waaay better. 
http://www.product-reviews.net

The XBOX 360 pretty much owned in every category; price, performance, graphics, and game selection.
Both consoles saw price drops, and firmware updates have the potential to improve both gaming and non-gaming features. Developers have had time to ‘learn’ the intricacies of the PS3, and several new exclusive titles have been released for both.






Price
In terms of price, the PS3 can be had for $399 for the 80GB version, and $499 for the 160GB version. It makes almost no sense to pay the extra $100 for the larger hard drive, as the consoles are otherwise identical (except for the fact that the 160GB comes with Drake’s Fortune and Pain, which may or may not make up for the extra cost depending on the type of games you like to play). If you really need the space, a 320GB laptop drive is no more than $80 these days, and it’s very easy to install into the PS3. As far as the XBOX 360 goes, Microsoft have aggressively dropped the price on their console to the point where the low-end version without a hard drive costs $50 less than a Wii. It even comes with a full game (Sega Superstars Tennis at this time – obviously intended to compete with potential Wii Sports buyers) as well as a collection of XBLA games on disc. If you want to spend no more than $200, and are choosing between a Wii and a 360, the answer is obvious: if you like playing video games, get a 360. If you want to have something sitting around that your friends and family will play once in a while after a few drinks, get a Wii.
    The ‘regular’ versions of the XBOX 360 (with a hard drive) are $299 for a 60GB version, and $399 for a 120GB Elite. Both versions come bundled with the same two games at this time; Lego Indiana Jones, and Kung-Fu Panda. So again, there is really not much reason to spend the extra $100, unless you really need the extra hard drive space. Unlike the PS3, you will need to spend that extra cash if you want the space, because the 360’s drive format is proprietary. So if you can justify the need for 120GB, get the Elite. Just be mindful that you aren’t getting much else besides a black paint job and an HDMI cable. So the main contenders are the Playstation 3 80GB for $399, and the XBOX 360 60GB for $299. For many people, this is all that matters, and they could just stop reading here. After all, XBOX 360 sold over twice as many units at the beginning of the 2008 xmas buying seas as the PS3 (836K vs. 378K – Source: NPD).

Performance

If you pay attention to actual game developers, and not the angry fanboys, you will learn that no, the Playstation 3 doesn’t have “more graphics power” than the 360. The fact is, XBOX 360’s Xenos GPU itself has far more computing power than the RSX GPU
that resides in the PS3. Does this mean the 360 has “better graphics”? I don’t know, that is a subjective matter, beyond the scope of this objective
comparison, and entirely up to you to decide. If you like what you see
on the PS3, then to you, it has “better graphics”. If you like what you see on
the 360, then there you go. That is all subjective, and not the goal of this
article. The CPU power is another story however; on paper the Cell has a lot more potential than the triple-core Xeon that resides in the 360.

XBOX 360 had a huge advantage in most third-party games in 2007.
Let’s take a look at some familiar multi-platform games of 2008:

• Fallout 3 – looks essentially the same on both, but PS3 version lacks antialiasing. The PS3 version initially had bugs, but they have since been patched.
• Bioshock – Despite coming out a year later, the PS3 version of Bioshock was pretty much a mess at first. Some of the textures are noticeably lower, and the framerate stutters often. A patch improved things, but the framerate is still lower.
• Dead Space – The developers have been quoted that working with Sony is “challenging” so the old mantra of the Sony and Playstation being tough to work with hold true to this day. Thankfully, they were able to manage a good experience on both consoles, and both versions play about the same.
• Soul Calibur IV – The 360 version runs in a 960p frame buffer, but Namco-Bandai decided to downsample the 360’s resolution down to 720p to smooth the image rather that utilize AA. However, the difference is not significant, so both versions look pretty close to the same (the 360 does have some extra lighting effects). Since you can download both Darth Vader and Yoda on either version, even that has become a moot point.
• Devil May Cry 4 – Remember this one? It came out in 2008 as well. Unlike most games, this isn’t a port from one console to another. Rather, Capcom develops their games on a tri-platform engine (Framework MT), then compile them for PC, PS3, and XBOX 360. Antialiasing is present on the 360 version, since it is essentially ‘free’. To keep it running at 720p with a decent framerate on the PS3, Capcom utilized a pseudo-AA effect by shifting frames and creating a blur effect. It does smooth things out, but during fast moving scenes it tends to stand out.

In the end, I think we can say that multiplatform gaming is getting closer to parity, but it’s not quite there yet. The 360’s superior graphics power is especially applicable to multi-platform games
that do not get a lot of development time to make full use of Cell architecture,
and the XBOX 360’s GPU allows it to run at higher resolutions while eliminating jaggies with “Free” Antialiasing.

 

Conclusion

Before you buy one try it out. Nowadays almost each game has 2 different version one for X-box and another for PS but the performance obviously is different. So, look for you favorite games, make a sellection and then try to find out wich console is recommended most. Then you can at least have a reason to buy one of them.

Enjoy!

If It Is For The Family To Play Games....I Would Go With The XBox 360....Christmas Pak At $299.00....Then Of Course You Have The PlayStation 3.......If You Have The HD TV And Audio System (not Needed!),,,,You May Want To Explore The Blu-Ray Movie Line Also! Personally,Myself,I would Get The PS 3,Just Because Of The Bult In Blu-Ray DVD Player. Then If I Wanted To Play A Game Or Two I Know I Got Both Coverd In One Package! $299.99 120 GB. Ps. My Sons Have The XBox,,,,My Nephew Has Both.......And His PlayStation 3 Is Like BrandNew That He Got Last Christmas!!   Happy Holidays! :)

I have both systems.  Frankly the games seem to be much better for Xbox and the online option to add maps is user friendly so that even when you do flip a game (which by the way runs you about 60 bucks) you will still want to play it.  I have the playstation because it was a gift but we rarely play it.  I think it may be because the online experiance is not all that it is cut out ot be.  It is to basic and plan and the cotrollers can be a little harder to manouver.  I would not spend the extra money on the elite it is not really worth it unless you will be downloading movies( they will use up your memory and get ready to wait) but the xbox should not be intended for that.   

If you plan on playing online i would go with 360. Costs money but worth it.  PS3 online is free  (get what u paid 4) and it is not that great. If you want to play offline i would go with PS3. I have 360 and i love it.

PS3 I've heard has better graphics whereas Xbox 360 had a better online experience.  I love the 360 because of the way the controlers are set up to play racing games.  The 360 is also cheaper if price is an issue.

PS3 can be had for $399 for the 80GB version, and $499 for the 160GB version. The XBOX 360 are $299 for a 60GB version, and $399 for a 120GB Elite.