I've been debating pulling the trigger on purchasing one or the other for about 6 montsh now. I have a 1st-gen Xbox, and like it. I had been leaning toward the 360 just because of the backwards compatability for my old games.
However, now that BlueRay is the winner in the BR/HDDVD battle it has pushed me more toward PS3, and it appears that PS3 might be the better technology anyways.
Anybody have any thoughts on this to share? I'm looking at getting the 40 gig PS3.