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Seihyouken said:

Xbox 360: Unreliable hardware, Loud fans, Pay for online, Slow/cluttered dashboard, Few optional installs, Lack of first-party titles, Region-locked games, DVD size limitations.

PlayStation 3: Slow Blu-ray reading speed, Mandatory installs, No in-game voice chat, High price.

Nintendo Wii: Friend codes, last-gen technology, Wii Remote standard over traditional controller, No hard drive, No installing, Lack of hardcore games.

 

 PS3 has in game voice chat for almost all games, and most 360 games arent region locked.