I sent my PS3 in because of an odd clicking noise out of the hard drive. I went with the PS3 because I wanted to play some PS2 games as well. My brother and a few friends have had PS3's with no issues.
My brother and a few other I know have all had their 360's fail on them at least once.
I'll consider getting a 360 when there is an exclusive game out for it that I really want to play.
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