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Microsoft best:
XBL
One-year head start*
Microsoft worst:
RROD and other problems caused by rushed design*
Charging for XBL
HDD not standard
Super-expensive HDD ($100 for 20GB?  Go to hell MS)

*The good and bad are intertwined but I count them separately

Nintendo best:
$250
Wiimote
Wii Sports pack-in
The big guns -- Mario, etc.
Nintendo worst:
Not enough production increase
Friend codes and generally being slow to embrace online elements

Sony best:
Upgradable standard HDD
PSN is free
Blu-ray*
Sony worst:
599 US dollars
Their marketing/PR in general
Getting rid of BC
SKUs coming out like crazy
Blu-ray*
Losing exclusives

*Having Blu-ray in the PS3 benefits the company as a whole much more than it does the PS3 but I think it was still sound strategy on the company's part, and there are / will be benefits to Blu-ray for the PS3. 



Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
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My advice to fanboys: Brag about stuff that's true, not about stuff that's false. Predict stuff that's likely, not stuff that's unlikely. You will be happier, and we will be happier.

"Everyone is entitled to his own opinion, but not his own facts." - Sen. Pat Moynihan
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The old smileys: ; - ) : - ) : - ( : - P : - D : - # ( c ) ( k ) ( y ) If anyone knows the shortcut for , let me know!
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I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom!