Heres my thoughts - U.S Pricing only. If we want to get some standardised prices/features for those inevitable (Should I buy a PS3 or Xbox360) questions and for talking about people on the street. The average less informed consumers. (edited for much better clarity)

Xbox360 Games:

• Exclusives 2008
• Games to buy

• 12 Disciples (90%+) and other games ordered by score: Metacritic

PS3 Games:

• Exclusives 2008/2009
• Games to buy

• Famous 5 (90%+) and other games ordered by score: Metacritic

Necessary Extras 

Xbox360:

• Wired $35 (Doubles as pc controller), Wireless $40 or $60 with P&P charge kit, or Wireless plus play n charge kit - seperately $20. *Note Black, Pink and blue colours also available*
• Xbox Live Gold - $40, $50 in stores
• HDMI Cable $15 (Arcade owners with HDTVs mostly)
• 60gb HDD (Arcade/Premium 20gb owners only)

• Xbox360 official wireless adapter $99 or $45 Wireless router - Guide

Playstation 3:

• HDMI cable *Must buy* for HDTV owners $15
• Dual shock 3 controllers $47
• HDD for 20/40gb owners or those who want bigger -  160gb $80 shipped - 250gb $105 shipped

• Headset for online - Range - $33-$78

Wii

• Extra Wiimotes and nunchucks: Wiimote $40, Nunchuck $20, Wii original controller $ 20(Gamecube)
• Wii controller attachments: Nyko gun $15, Wii Wheel $15, Official Wii Zapper $25
• Other Accessories: Nyko wireless sensor bar $20

Optional extras

• Qore - $25 year PS3 online magazine, gives access to special priveledges such as closed betas.
• Netflix - Xbox360 streaming service with 12,000 titles available and growing.

(Looking for a comparison of features and especially *content* between Xbox Live and PSN)

 buyers guide - To do or recieve from good person.

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Please no value comparisons - Just tell me if the prices are fair and if I need to make any corrections* Can someone tell me if there are cheaper/better wireless options available for the Xbox360?

Heres Australia and Europe for the rest of ya!

  * HDMI cables €20 generic

*Live €50

**Wireless €75 official - no price for unofficial yet.

Why does Mr Smite need a HDMI cable with his 360? :)

edit: nevermind, thought you were using elite as an example... :P

He has an HDTV

Of course, but component is hd-capable too. :D

Well, Qore shouldn't be counted at all. PS3 having free online is a luxury, you shouldn't add optional DLC to try and offset this luxury that the 360 doesn't have.

Where is Mr Smite's modem/router/DSL/ADSL line? Becuase I know few people who have it right next to their console and HDTV. (if any). Most modern households have wireless.

I think you could reformat it so it's easier to read.

Good comparison.

I think you should add a wireless example.
For me, the only thing that is holding me back from rebuying 360 over PS3 right now is the wifi.

I don't play online, but I like DLC.

I think adding in the European prices might be of interest.

So, here we go:

Xbox 360 Arcade: €199
Xbox 360 Pro: €269
Xbox 360 Elite: €369
Xbox 360 Controller: €44,99
Xbox 360 HDMI: €49,00 (This is the official MS one)
Xbox 360 Wireless: €74,00
Xbox 360 Live: €50

PS3: €399
PS3 Controller: €49,99-59,99
PS3 HDMI: €29,99 (This is the official Sony one)
Qore is not available in european markets.

Cheapo HDMI: €19,99 in stores, less online.

Joe Schmoe total:
Xbox 360: €293
PS3: €479

Mr Smite total:
Xbox 360: €339 + €50 over 4 years = €539
PS3: €419 + €0 = €419

Note that anyone wanting to use wireless internet with the Xbox 360 will add €74,99 to this.

why do you include a subscription to a ( video based) gaming magazine with the ps3's total?

And why would anyone buy an $80 dollar cable when the $10-20 cable is the exact same?

What the hell is Qore? Why would a smart consumer want it?