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I think it all depends on what kind of games you want to play. If you prefer playing online, such as with Halo, then the 360 is your machine. If you prefer playing with a bunch of friends, the Wii should be your choice. For graphics and better titles, go for the PS3.
I like the PS3 better because of it's exclusive Final Fantasy games. It's a good Blu-ray player which is a plus for me since I'm planning to buy a HDTV. Right now there aren't much games for it but the future is looking good for the console.
As for the Xbox 360, I don't plan to buy it because of the RROD issues. Hardware reliability is important to me
This is great competition between the PlayStation 3 and the XBox 360, they're just both great console to include to your newly collection of games!!! I own both console but still don't know quite which one is better!!!! They are both out-standing!!!
i prefer PS3 on Xbox 360 even if i don't have any of them but i like PS3 more than Xbox 360 because of it's games that is going to appear in the future
and for now it has Metal Gear Solid 4 and Final Fantasy XIII and Call Of Duty 4 Modern Warfare and other games coming up