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I had a 360 for a long time, and it kept RRODing over and over and over again.  PSN being down sucks, but I have gotten more than the price of the console worth of free PSN games from friends, and compared to paying for online I just can't see a reason to deal with Microsoft.  There's a few things I've really missed, like Fable and Gears of War, but free PSN games, every big multiplat, and a solid lineup of exclusives makes me happy enough with my PS3 to not really consider getting another xbox.