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I wont buy a 360 due to RRoD - Im not convinced its in the past yet.
Price of extra's, I would need the wireless adaptor, X-Box live yearly, the hard-drive is needed so arcade is out of the question for me. When I need a new console I would rather have the slightly higher initial investment buying a PS3 than the extra cost of yearly X-Box live and the worry I will need a replacment unit at some point.