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They are both in the same ballpark, in my humble opinion. The PS3 hate was enormous when I started college. I have a lot of respect for Ken Kutaragi since his involvement in Playstation is HUGE, but he was VERY arrogant and general comments from other Sony execs didn't help either. I remember him calling the 360 the Xbox 1.5 and he kept touting the power of the PS3, and things got worse when the games didn't seem superior (initially). Kaiz was probably one of the few execs I didn't find out of touch or too forceful.

Nintendo appeared as the white knight, much like Sony now, and that made the PS3 look less attractive. Back then people were showing their interest in the Wii60 combo, not unlike the PSU talk I've been hearing recently.