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Jackson50 said:
This is not technically an online feature, but the 360 allows you to access your dashboard in game and do things such as manage downloads. The PS3 requires you to quit the game to accomplish the same thing. I have not played my 360 in a few months (have not had it repaired as of yet), so I may be fuzzy on the details.

 

Sorry for the double post. What you just mentioned is doable on the PS3. You can text and manage downloads in-game.