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I just don't see the compelling thing about PS3 other then blu-ray...

The difference between PS3 and 360 is cost, total game selection, and blu-ray. If you must have a blu-ray player, and want to play games PS3 is the way to go.

If you don't care about blu-ray and more about game selection, 360 is $100 cheaper for a comparable model, and many really good games are well below the price of even PS3 greatest hits.

If price is king then you will buy a 360 or Wii. If you have to have blu-ray PS3 is the way to go.