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I'm in the process of making this decision too, and I suggest you wait until E3 is over before you make any decisions. Personally, I'm leaning towards the PS3 right now because of Blu-Ray and LBP, but that could definitely all change in come mid-july. Banjo threeie could possibly bring sway me back to the 360, as could a number of yet to be announced products, of course.

Though I am sad that I'll be missing out on Halo and quality Valve products(though they did make the Orange Box for the PS3, left4dead is exclusively for PC and 360 atm, and Valve seems to have a better relationship with Microsoft in general), the PS3 seems to have enough quality shooters (KZ2, RFoM2) in the works to make up for Halo, and I've decided to get a Steam account for my Valve products.