It does a lot more than 360. You get a blu-ray player, the best Japanese HD games as exclusives for the rest of the gen following the release of FFXIII and GT5 later this year in Japan and the boost in sales they will bring to PS3 there.
With PS3, you also get free online play and all trailers and demos as soon as they are released instead of having to wait a couple of weeks for some of them if you only have a free, Silver xbox live account instead of spending the $50.00 a year for Gold membership.
Also, you get a console where you can only be said to be unlucky if it breaks rather than knowing that you spent a couple of hundred or more on a system guaranteed to break within three years of purchase if you seriously try to use it as a gaming console as with 360.
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