Power is relative, but if were talking about raw computing power, the PS3 beats the 360 by I dunno what was it, 4 times? The cell is an absolute beast when it comes to crunching numbers. They did the folding test to see how many flops per second (?) each processor setup could handle and the PS3 slaughtered most of the computing world xD

That may be the case but until we start seeing 4x the graphics it is a mute point.  Who knows it might get there this year.  People have been talking about this power before the darn thing came out yet here we are and still waiting for it.  Hopefully mgs4 among others will show us something that we haven't seen before.  Time will tell.

 Well of course ^_^ but that's not what the question asked, the question was which is more powerfull? And in terms of "power" the 360 get it's ass handed to it lol. Wether or not any of it will translate into graphics is another story all together. To be honest I'm not sure if the margins will ever be "night and day", it's not like the 360 has "bad" graphics by any means. I believe the PS3's will always be better (exclusives), but probably not by any INSANE ammount, the textures, lighting, cutscenes, things on screen, resolution will probably always be higher with PS3 exclusives, but wether or not you really care about that kind of stuff is entirely up to you lol. 

But in terms of power! The processing power of the Cell outclasses the 3 core setup four-fold.  

Chrono cant accept 360 graphics are =/> ps3 right now.

Overall(like ive said for a year)
360>PS3

2009 is when the ps3 will shine

 LOL you'd be surprised by what I can accept ^_^ when the 360 puts out a game that can't be equaled on the PS3 I'll gladly "accept" it. But I have a feeling I'll be waiting a while :) I'd say the graphics are and have been shining since 2007 xD

And your right, 360 graphics aren't "equal" to the PS3 ones, they're technically worse lol. 

i meant equal to greater than.

You are that sony fan that has to justify your 600$ purchase when the 360 does the same or better as of now :)

It is very telling that many/most cross platform games look almost identical on both systems except they have framerate problems on the PS3 ... Not exactly something you would see if the PS3 was dramatically more powerful than the XBox 360

^*standing applause*^

nuff said. Ps3 is stronger devs have said it people no it.

Well the PS3 was argueably always mor powerful, only that not one dev team had any way to show it. FF13 is a really good showcase of what the system can do, and it probably will end all speculation on the subject. The question is, is the system so much more powerful than the xbox360 that any given(or the majority of them) developer can prove it with their games? It seems not as most games on the PS3 that are high end are also coming to the xbox, except of course for some of the exclusive titles.