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The PS3 can get all your media off your PC as well, and it can play more video codecs then the 360. It also has a removable HD, so that same cheap HD you have in your PC, you can put in your PS3, and never turn your PC on (other then to rip/copy the movie to the PS3).

It's funny. When the PS3 came out, everyone gave it crap for being a media device. Now the 360 is trying to be the same thing.