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PS3.

-free online.

-blu ray, maybe you will not use it much now but with the time its likely.

-its more reliable over all. 2% failure rate
-they all built in wifi and HDD.
-many good first/second party exclusives. (GT5, KZ2, God of War, Team Ico, LittleBig Planet).




cons:
-its expensive
-need a HDMI component cable for HD gaming.

360.
-better quality in some multiplatform games (where 360 was the lead platform).
-cheaper.
-JRPG are comming first there.
cons.
-10% its still way too much to jump on it, it higher than the average.
-many exclusives are only timed and will likely be ported.
-Dpad doesn't work alright.
-only the elite comes with HDMI cable.