Mmm, this is the question i have been trying to answer for a long time, i think the answer will be out in a few months after a price drop for either PS3/X360 and also the price drop for the LCD TV i need to get the most out of the systems.
I have been thinking in the situation i have, and how i would enjoy the most each console. I have the Nintendo Wii, it is a great system, i got about 10 games for it, but the Wii lacks of games i like and you can only get in the HD systems.
We have in one side the X360, it has key advantages:
1) Great quality games (400+ games with an average Metacritic score of 70+).
2) Here in Colombia, the games are very cheap imported from Microsoft itself.
3) The X360 is cheaper than the PS3.
But it also has disadvantages and things i dont like:
1) It comes from Microsoft ! ! ! (Look at my avatar !)
2) The RROD
3) The games are usually incomplete and they make you pay twice for the games you already own throught DLC (and of course, the Xbox owners love it ! ?!?!?!?!?! )
The PS3 has some things i like:
1) The Blueray, thought i dont watch that many movies
2) The design of the PS3 Slim is very eye-candy
3) The games it has now seems to be done a little bit better and it is not like the FPS-focus the X360 has.
4) Most games are complete when you buy it, i really hate that DLC stuff so popular in the X360
Some things i dont like:
1) The PS3 is expensive ! (Still ! ! !).
2) The games are even more expensive, about U$100 each normal game ! (i dont even want to know about Final Fantasy XIII !).
3)
Honestly, i dont know what to do, the X360 would be the best minded-decision, but i really dont like the feelings i have about the company itself and the DLC stuff. The PS3 would be my heart-choice, but my pockets would be empty in a few months and i would be by the end of the year nearly starving XD XD XD.
At the moment, i m feeding the Wii with some games, but still, there are gems i dont wanna miss in the HD Gaming (and i dont wanna miss a thing ! Yeah, yeaaaaah, YEAAAAAAAAAAAH XD).