Buy a PS3 first if you want the best games, play Blu-Ray movies, surf the web, the PS3 is the more reliable console system with free online play and the better controller. But it comes at a price tag of $400.
However 360 has a good games library most of the same games on 360 are on the PS3, no Blu-Ray player, Wi-Fi is not included and costs additional $100, recurring online fees of $50 per year to play games online, controller is ideal for shooters which are mainly the only game genre on the XBox 360. Starts from a entry level of $200 and upwards depends on whether or not you get a model with a hard drive which is needed to play games online.
The biggest drawback of the 360 is the continuous hardware problems that have plagued the 360 for almost 4 years since its launch back in 2005. Hardware problems of 360 include: overheating resulting in red Rings of Death, DVD drive breakdowns, error messages. Microsoft's 3 year warranty now covers the RROD problem but any other problem is not covered under the three year warranty.
In conclusion I recommend you buy a PS3 which will be a more worthwhile console gaming investment than an Xbox 360.
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