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JaggedSac said:

I do not care what you guys think is better. As long as there are enough people for me and my buds to destroy online, then it is all good. Halo 3 is doing fine with an average of 300,000 gamers on at any given point(I noticed one guy in South Africa was playing last night). Universal voice chatting and friends lists are awesome. Hopefully M$ will announce a partnership with Netflix as well, which would be completely fucking awesome. They probably have some major announcements regarding their service for the fall update. PC gaming is great, but Live gaming is also great. The two are not exclusive. I played Guild Wars(which was free monthly) but I also played WoW(which was not free and requires the same upkeep requirements from the developer as Guild Wars).

 

Live would be unquestionably better if it had dedicated servers, though.  There'd be no host advantage, generally less lag, more reliability, less opportunity to exploit the games, etc.