The ps3 has a .02% ffailure rate. The Xbox 360 has a 33% failure rate, I have heard that the newer Xbox 360 have a 11% failure rate, but that is still extremely high.
For the games currently the Xbox has more but not much more. The ps3 will have more either at the end of this year or by the end of 1st quarter next year. since ps3's bluray disks have 50GB of space and the Xbox only has 9GB on each disk, so the games on the ps3 will probably be better and it has greater potential for really good games. The real good games will be Haze, MGS4, Gran Turismo 5, Resistance and as of today, Bioshock.
The ps3 also cost significantly less in the short run, it might be more expensive initially you get free online gaming($50 a year on Xbox, though it does have more features, But wouldn't you rather buy a game), built in wireless Internet($100 extra on Xbox), hard drives are cheaper 120GB for Xbox is $179.99 for the same price you could get a 320GB for the ps3(almost 3 times the memory) a 120GB for ps3 cost less than a 20GB for the Xbox, a wireless controller with a rechargeable battery and charge cable for an Xbox is $69.99 all the ps3 controllers have that and sixaxis for $15 less ($54.99 for dualshock3), the cheapest wireless headset for the ps3 is $19.99 and you can use it with your bluetooth cell phone(its a bluetooth headset) for Xbox its $59.99, and you have almost no choice but to buy everything from Microsoft so you have very little choice on what you can buy for it. Sony lets you get accessories from many different companies even though they need the money more (they lose about $260 per system because they cost more then they sell them for)
For the graphics the Xbox and ps3 are almost exactly the same, for now, the ps3 also looks better on sdtv's, on Xbox you need an HDTV to read the words if you don have an HDTV everything is blurry. For the games currently the Xbox has more but not much more. The ps3 will have more either at the end of this year or by the end of 1st quarter next year. since ps3's bluray disks have 50GB of space and the Xbox only has 9GB on each disk, so the games on the ps3 will be better and it has greater potential for really good games (some multiplatform games have been shorten to fit on the Xbox). Xbox games are not cheaper, they start at $60 just like with the ps3. I wonder why Xbox games are just as expensive as ps3 games, they use last gen technologies and apparently it is easier to make them, it is just Microsoft making a big profit. As far as the future potential of the systems go the Xbox is almost at its full potential right now, about 90% (in games, graphics and really everything else), while the ps3 is only about 10% of its full potential.
The ps3 has tons of free stuff like themes and demos you can download. The ps3 will have all if not more features than Xbox Live by firmware upgrade 3.40
By price
Xbox 360 Elite:
Console: $450
Online Gaming: $50 (1 yr at its cheapest)
Wifi adapter: $100
Rechargeable battery and charge cord: $20 (per controller)
Media card reader: $30
Total: $650 +$50 per year & $20 per controller
Ps3 80GB:
Console: $500
Online gaming: FREE
Wifi: Built in
Rechargeable battery and charge cord: All controllers come with it
Media card reader: Built in
160GB Hard drive: $110
Total: $610
Ps3 is clearly the better choice
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