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there are honestly way more reasons to buy a PS3, but Microsoft still has the most important. Cheapest out of the box. People don't realize that the low priced $200 arcade ends up costing around $350 if you throw on a 60 gig hard drive and a year of live. And its $400 (just like the PS3) after 2 years of live and more expensive then the PS3 if you get 3 or more years of live which you likely will if you don't get Red Ring.

The 360 is only the cheapest console if you don't play online and don't buy the overpriced hard drive.