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In terms of technical ability, the PS3 overthrows the 360. In terms of games, I think the 360 of a larger collection of appealing games and more decent exclusive titles. Whilst Xbox Live does cost more, I think the service is so much better than PSN. The demo availability, indies channel and arcade, plus the use of party chat. I do have a PS3 as well and mainly purchased that for some of its awesome exclusive titles such as Uncharted and Yakuza. Whilst I prefer the 360 I have great love for both. :-)

As for Wii, I only got one for the Nintendo exclusive titles. I couldn't imagine myself without Mario or Zelda. :P