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PSN started a subscription fee for Qore stuffs like demos and videos, which are available for free on Xbox live. Xbox Live charges you for multiplayer. So, it's your choice to decide whether Multiplayer fees or Demo/video fees are more ripping you off.

On top of the mentioned Xbox live and PSN stuffs, I believe the XBox Live Graphical interface is much more friendly than the PSN. Media Center for streaming contents from PC is really simple too.

I'm not sure whether the following option is xbox live exclusive, but Live has full parental controls.