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Hmmmm, I think this thread is a little narrow on the subjective side. Heres why.

M$ as of the fall update will have over 9,000 more films available for download than Sony, both in HD and SD.

M$ have numerous TV series for download including Battlestar Galactica, Cribs and CSI.

There are already more than 10 last gen full games available for download on Live.

And there are well over 50 XBLA games available for the 360 now.

Demos 9/10 come to Live first even for multiplat.

M$ will be ready to do this gen games when they feel the time is right. But to say Sony is leading the way is your opinion, but I do not see how you conclude that witht the evidence on hand.