If your looking at gaming with friends go with the 360, since it has more games out for it (but I really like Warhawk for PS3). Just remember that chances are good that it will brick on you.
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best game controller ever made, Xbox live
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I personally think it's a horrible controller. It never feels confortable whie gaming. Live is ok, but I don't think it's good enough to have to pay for multiplayer.
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new versions of the discs are also becoming on par with blu-ray for storage capacity, so the one pro that blu-ray had over hd-dvd is gone.
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I think HD-DVD is using a dual layer, while most Blu-ray only use a single at this point. The spec says that the extra layer on a Blu-ray disk will give it 20GB more than HD-DVD.