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4 reasons for me (I own both):

1. Xbox Live Arcade is vastly superior in breadth and width of titles (about 300 new IPs to 150).
2. Exclusives I enjoy (Deadly Premonition, Mass Effect, Lost Odyssey, Blue Dragon, Tales of Vesperia and so on)
3. Price
4. Controller doesn't feel like a Mattel toy



Back from the dead, I'm afraid.