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If you're tight on money, I'd go with the 360. It's been out longer and because of that, it has more great games at cheaper prices.

If money won't be an issue long run, it's really a choice between which console has better games in your opinion. I like the PS3 for what it'll get in the next year (God of War, LBP, R2, FFXII), but I prefer the 360 lineup right now and Gears 2 will certainly be an awesome addition to that.