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Is there any game on the 360 you absolutely have to play now? If you want Halo 3, Assassin's Creed, Bioshock, Blue Dragon, Lost Odyssey, Eternal Sonata, GTAIV, and titles such as that, they don't come until fall season, so you might as well wait. The 360 is also supposed to get 65nm CPU and GPU in the fall, which means quality will go up, and possibly a price drop. Even 50 bucks off is good enough with the new hardware coming. Wait it out if you can. I am. Hopefully the PS3 sees a price drop in the fall, too. That'll make things interesting.