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I know there are numerous threads about this, but instead of fanboyism, lets post specs of both systems to settle the technical arguments here.

I know I copied and pasted it from Wikipedia, but I'm too lazy to post it all in a fashionable order myself. I didn't want to include the Wii, but it wouldn't let me copy and paste it without it.

                           XBOX 360                                                               Playstation 3                                                                       Wii

CPU 3.2 GHz IBM PowerPC tri-core codenamed "Xenon" Cell Broadband Engine (3.2 GHz POWER-based PPE with seven 3.2 GHz SPEs) 729 MHz PowerPC based IBM "Broadway"[92]
GPU 500 MHz codenamed "Xenos" (ATI custom design) 550 MHz RSX 'Reality Synthesizer'[93] (based on NVIDIA G70 architecture)[94] 243 MHz ATI "Hollywood"
Memory

512 MB GDDR3 @ 700 MHz shared between CPU & GPU
10 MB EDRAM GPU frame buffer memory

256 MB XDR @ 3.2 GHz
256 MB GDDR3 @ 650 MHz, GPU can access CPU memory

24 MB "internal" 1T-SRAM integrated into graphics package
64 MB "external" GDDR3 SDRAM
3 MB GPU frame buffer memory

If I got anything wrong, then go to the link below from which I got this information.

http://en.wikipedia.org/wiki/History_of_video_game_consoles_%28seventh_generation%29#Comparison

So using just the system specs, which system do you think is better?