Ps3 Pros:
- Wifi out of box
- Blu-ray player
- free online
Ps3 Cons:
- More Expensive
- Old multiplat titles had problems
360 pros:
- Cheaper (if you don't buy online [$45+ tax for prepaid card re-new after 13 months] or wifi adapter [$88+ tax] or HDD [If you go core/arcade and want to update later $90+ tax] or HD-DVD player [If HD movies is what you want. $69+ tax] or play and charge kit [If you don't want to keep buying batteries $18+ tax per controller)
- Better library
360 cons:
- pay to play online
- potential rrod
- noisy
- If you own gaming PC - shares a lot of exclusives with PC
Go look at the future line-ups to see pros for each system through games
Ps3
Ratchet and Clank
Resistance
Uncharted
MGS4
GT5P
Motorstorm
Heavenly Sword
UT3 (with mods)
Warhawk
Singstar
MLB '08 The Show
360
Gears of War
Halo 3
Mass Effect
Viva Pinata
Forza2
Ninja Gaiden 2
Dead Rising
Crackdown
Blue Dragon
Lost Odyssey
Ps3
Resistance 2
GT5
FF13
Killzone 2
Motorstorm2
360
Gears2
Forza3 (rumor still?)
Banjo
Halo Wars
UT3 (exclusive map?)