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60 GB PS3. Bought it for $500 after the pricedrop when the 80 GB was going to be introduced.

Plays almost every PS1 and PS2 game. Can't say too much about the XBox360's backwards compatibility (missing some really key games IMO). And VC is pretty nice, but again, is missing a TON of games. As someone who only owned a GC last gen, this backwards compatibility is extremely appreciated. I've had the opportunity to play some really great gems like Shadow of the Colossus.

Plays Bluray movies. I don't know about you guys, but on my 1080p LCD TV, the quality of Bluray is very much appreciated.

Has wifi included. Seriously Microsoft, is it that fucking big a deal to include a wifi adapter? The DS includes one for gods sake.

Can use almost any bluetooth headset. Sorry Microsoft, there's no way I'm paying for your official $60 wireless headset. And well, does the Wii even have voice chat?

Can use almost any 2.5". Thanks for the nice deals on the HDDs you give us Microsoft. I love it when you rape me up the ass. And Nintendo's storage solution was pathetic. 512 MB flash memory? Seriously?

Free online play. Not as good as XBox Live, not as shitty as Wii's online thing (whatever it's called). But it's free, and does what I want (after 2.4 firmware) so I can't complain.