Even as a REALLY BIG fan of the 360, I have trouble these days recommending a 360 over the PS3. You can't use the "360 is cheaper" argument anymore. (you really couldn't before either) The 360 and PS3 out of the box are the same price, but with the 360 you are going to pay a lot more money if you want rechargeable controllers, wi fi connectivity, and online play. So the 360 will nickel and dime you a bit after you buy it. I will sya that even though it does not have a BluRay player built in, the new Zune Marketplace literally has the capability to give you BluRay quality HD movies if you have a decent internet connection. But to echo jefforange89's comment, the 360 can be a bit of a "scam" when you think about all the stuff you have to pay extra for it to do.
The PS3's library has gone from ok to awesome in the last year and a half and has a lot of good stuff (yes, these titles even have release windows announced for once!) coming out in the next 3 to 5 months as well. And you won't be wanting for things to play in the meantime. Little Big Planet, Uncharted 1 and 2, Demon's Souls, Killzone 2 etc. are all awesome games. Plus, everything you need to get going is right there in the box. There's not even an external power supply to worry about and you don't pay a dime to play online. The Sixaxis controllers are rechargeable. (The only drawback is that I don't think there's a very good way of replacing their batteries on your own.)
Both consoles are great. I love them both and give both about equal play time. HOWEVER, do not let anyone tell you they are the same price. In the end, the PS3 is actually cheaper.
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