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Undying said:

It depends on what you like.

PS3
Pros:
Sony First party games (Whether retail or PSN, they're some of the best games this gen)
Has the potential to have the best looking games this gen.
Attractive black polish.
Blu-ray player.
External HDD compatible.
Free-Online and Wi-Fi.
Compatible with the PSP.
Playstation Network.
HD Graphics

Cons:
Inferior ports of multiplatform games
Less games than its competition
The PS3 is rather expensive.
Mandatory Installs.
Unreasonably light Sixaxis controller.
No B/C for later models.

360
Pros:
Has the best and most games (Subjective)
Superior Multiplatform games with one or two exceptions.
Exclusive DLC for popular games
Gets timed exclusives over the PS3
Cheapest console
Robust Online features
HD Graphics

Xbox Live Arcade

Cons:
RROD
E74 Error
Noisy Fan.
No built-in Wi-Fi.
Poor D-pad.

Battery Inhaling Controllers.
Xbox-Live payments.
Limited Xbox B/C.


Wii
Pros:
Has Nintendo games, several of which are the best games this gen.
Has No More Heroes, along with other great third party exclusives.
Has Madworld.
Waggle controls(Good implementation)
User-Friendly Interface.
Virtual Console.
Wiiware.
Fairly Cheap games.
Free Online and Wi-Fi.
Balance Board and Light-Gun supporting games.
Full Gamecube B/C.


Cons:
Has boat loads of horrible games
Non hd
Waggle controls(Poor implementation)
Tiny internal memory and SD card.
Friend Codes.
Expensive Wii-remote + Nunchuck combination.


And the you mean "Current Gen".

Added a few.

 



Pixel Art can be fun.