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libellule said:

360 has
- pricing advantage : they will be in position to slash the price again, not so true for Sony
- Natal that has a lot of potential and that has already been tagged "like a new console launch"
- Fable3 that is recognized IP, with good sales, very good rating
- HALO REACH that will be a mega hit without any doubt (brand + marketing + quality)
BONUS Gears of War3 : we know it is coming but we dont know when ...

PS3 has
- motion control: it has NO NAME (so it is not really born, so you can't hype something that doesn't really exist), it is quite similar to the Wiimote, and it is more a big interrogative point than anything else
- ???????????

err...just an fyi, despite the common forum usage it's not Natal it's "Project Natal" which is the current code name for MS's controller free gaming.  Upon release natal will not be called natal, kind of like when nintendo's project revolution became the wii.