Myself, Skaw, and Baj already posted the answer to this question. What the feck is so hard about understanding that?
For the price of an xbox premium and halo 3 (just the game most people are playing right now) would be less than the cost of the PS3 alone. You could maybe get lucky online and throw a copy of GoW into the mix and it would still be less expensive. For most, thats the 2 best games on the 360, and a 360, all for less than the cost of a PS3.
Dunno, don't really feel a direct price comparison is fair.
You have to factor in that with PS3 you get the bigger hard-drive, the blu-ray player, the wireless and the free online.
Now I dunno what that means to each of you. But to me, another 20 gigs, a blu-ray player, wireless internet and the online service is worth more than 50 bucks, which is the difference between the $400 PS3 and the $350 360.
To some people, without a high def TV, blu-ray player is pretty worthless. All you can say is maybe it'll save you 50 bucks in a few years when you replace your TV and get a high def. Already made up the difference though.
Or maybe the wireless is worthless to you, cause you sit next to a router and prefer wired for a superior connection. Then... well it's just worthless, I mean maybe you'll move your TV and system one day and it'll be convenient if you wanna play in your basement for some reason... but in that case not much matter.
Or maybe the 20 gigs is worthless to you, because 20 is enough, but you can always fill it up with MP3s.
Now the online service, this is highly personal. For me it's fine. Cross game voice chat's my only wish for the future, for when more people I know in real life get a PS3. Now that's for real life people, because I have no interest in chatting with random people I meet online. Even back when I was playing a lot of FFXI endgame I barely ever used Ventrillo, people had the yell at me to log in and then I'd mostly just listen. I'd like to chat with my real life friends tho, especially the ones who live elsewhere now. But most still use their PS2 now so doesn't matter. If I had 360 the only game to sell me on Xbox live is Halo 3. Can play the others on PC, PS3 or they're offline titles. To me that means Xbox essentially has no online cause I'd be picking up my multiplats for PS3 rather than pay 50 bucks. Considering the reliability issues, I'd much rather have the multiplats on PS3 anyway. Then if it breaks only lose the 360 exclusives when it's at repair.
When you look at these things, the value of the PS3 kinda shines. It's $400 and it's everything you'll need. 360 is everything for $350 that you MAY need, the Hard Driveless-less sku is unfathomable.
And in the end... if I had no high def TV, no intentions to go online, no need for the extra 20 gigs and no need for wireless, still I'd rather pay $50 for a more reliable system.
If I ALREADY had a 360 and was already paying for xbox live, my perspective might be entirely different. But ultimately Littlebigplanet would win me over.