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absolutely

there are alot of things that make it the best gaming console of the 7th gen imo the controller and gpu are superior to the other two consoles. the ability to have custom soundtracks on all games and being able to install full games to the HDD for better performance put it closest to the PC in terms of customization and freedom. it also has a wide variety of indie games on live that cant be found on the other two consoles along with the majority of multi plats being superior on it. it has unmatched AAA console exclusives in pretty much every major genre unlike some consoles ei. gears TPS, halo FPS forza racer, fable rpg

pretty much every former 3rd party exclusive PS game made its way to the xbox this gen so if you were a fan of sony from 95-05 and dont like the rest of the non multi plat games like god of war, infamous, LBP, mod nation racers and KZ then theres really no need to own a PS

also the fact that it was able to recover sales wise and image wise after the early horrible console failure rate speaks for its own, i severely doubt that going into next gen gamers would have 2nd thoughts on buying the next box in the 1st few yrs of the 8th gen like they did for the 6th and 7th gen xbox is a house hold name now and a force to be reckoned with in the gaming community