No.
The PS3 is an amazing console with no shortage of good games coming any time soon.
I have watched video of Kill Zone 2 since I got my PS3 in 2006. Microsoft will need to pull a gigantic rabbit out of their hat to make a game that looks better than Kill Zone 2.
If you have the money for a PS3. Purchase one. You won't regret it. Very few of them have technical issues (Unlike the 360 who almost everyone experiences issues at one point or another).
A good amount of the 360's 'Good' Titles can be played on the PC. Something that can't be said as much for PS3. Most of their great games you need a PS3 in order to play.







