If you are primarily buying it as a DVD player (and can sport the extra couple hundred), the PS3 is a better DVD player because you get blu-ray and upscaling of standard DVD to boot. The blu-ray rentals at blockbuster are weak, but netflix is pretty solid with content...
I have all three consoles and if the question was mostly games, I'd say 360 since the back catalog is stronger. The PS3, regardless of what fanboys might say on either side, is a better DVD player...
There is, currently, a $199 vs. a $399 difference, however, which is pretty significant...
I hate trolls.
Systems I currently own: 360, PS3, Wii, DS Lite (2)
Systems I've owned: PS2, PS1, Dreamcast, Saturn, 3DO, Genesis, Gamecube, N64, SNES, NES, GBA, GB, C64, Amiga, Atari 2600 and 5200, Sega Game Gear, Vectrex, Intellivision, Pong. Yes, Pong.
