NXE is awesome, it doesn't get much better than having netflix right there on your console, not to mention, sharing photos over Live, 8 player party chat, full installs on your HDD... and all the games. The community, user made games are particularly cool. There's a definite throwback feel to the very beginning of video games when you look over a title and under 'developed by' you see the name 'Bob'.
The 360 is absolutely trouncing the PS3, the race for second just may be over. That shouldn't be important to me, but it is because of all the arrogance both Sony and it's diehards have thrown towards MS for the past few years. Instead of embracing something new and innovative, they clung to everything Sony and decided the xbox wasn't worth the time and didn't deserve the respect that it most certainly does. Oh well, your loss. Great machine, great update, great games.
Over time, arrogance always returns, accompanied by the rude, awakening truth of, 'oops.. i mighta been wrong about that.'
Very nice.