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I think is a reasonable choice.

1. He already has a 360, so he still can play A LOT of HD games since both consoles share them. He will only miss a few exclusives.
2. His other friends also have a 360, so he can play more games with them since he does not have to spend money in both consoles.
3. He thinks the multiplataform games will be better in the 360 because of the small sales of the PS3 compared to 360 the developers will start production in the 360, then make a port for the PS3.

I personally would not sell mine. But I will not buy both the PS3 and the 360 in the first place.