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SamuelRSmith said:
The XMB design.
Live-comparable features with Wii-like prices. (PSN)
Naughty Dog, Insomniac.

Those and:

Other 1st party games, such as Polyphony, Sony Santa Monica, Evolution Studios, Ingocnito....
Fuller PSN downloads (half games, like Warhawk, GT 5 P, R & C QfB)
Style of console
PSP conectivity
PS2 BC

EDIT: I forgot some:

Blu-rays
Controllers' face buttons and d-pad
I dont have to hold the button to turn it on
I can eject from afar
Awesome disc drive, and touch controls on the console
Memory card slots
Optical cable output
Batteries in all controllers, no switching out to charge