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Well, if you are going to get an Xbox 360, go with the Elite which the same price as the PS3, so I would say they are both the same price (IMO the Arcade is not worth it, especially with all the DLC and stuff available). PS3 has free online, and if you have bills to pay this is a plus. On the other hand, all your friends have Xbox360, so you don't want to be playing all your games alone. :( I personally have a PS3 and I love it. If it weren't for the free online, I'm not sure I would be playing online. Also if you are a movie buff, and like renting/buying blu-rays, PS3 is the way to go, especially since PS3 is the only blu-ray that is future proof.