ps3 pros
- blu ray is beautiful
- built in wi-fi
- charge controllers via usb
- free online gaming
ps3 cons
- Online service isn't as fleshed out as Live
- Doesn't come with hdmi cable
- While it has the capability to do so, playing music over the gameplay and trophy support is up to the developers of games. As this is a new feature for the ps3, many games from here out will take advantage, while many older games won't support it.
360 pros
- Large library of AAA games
- Live is a really cool service if online gaming is high on your list
- Play music over the gameplay and achievement support for all games
- Older games that appeared on both ps3 and 360 may play a little better on 360
360 cons
- reliability problems
- no built in wifi (must buy a 100$ adapter)
- fairly loud
- no bluray
- controllers take AA batteries (upgrade to rechargeable controller pack for 15$ per controller)
- Actually uses the term PWN4G3 in its future shop description
I tried to be as unbiased as I can and I hope that helped. In answer to your question, on August 27th the 40 gig ps3's are being replaced by 80 gig ps3's at the same price ($400). I don't believe these will be backwards compatible with ps2 games.
Comparing prices is hard because now there are 2 differently priced 360's and a ps3 right in the middle (360 pro - $300, ps3 - $400, 360 elite - $450).
In the end, game system purchases are rarely disappointing. Both systems are incredibly awesome and both will provide awesome experiences.
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