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Get PSP for sure.
I have 360 and love it, but I keep thinking that may be PS3 was a better choice despite higher price... I really want Disgaea, LBP, That Sega action SRPG coming out valkeriya or something, and PS3 and 360 share so many games.... and if you don't care about 360's excluive FPSes.... PSP has plenty of JRPGs, and its basically a portable console, so portability>graphics so PSP is better for JRPG imo.
I love my PSP. Only problem with it is battery life. Most games, loading times are fine. Get a power converter at radio shack so you can charge in the car, on an airplane, or wherever.

Here is a site on PSP RPGs

http://www.tlrgames.com/psprpgs/PSPrpgs.html