The PS3 interface isn't as inivitng and user-friendly as the 360 is. Also, in my opinion, there aren't that many good games out for the PS3 as there are for the 360. But, the PS3 is a very good Blu-Ray player!
It's true though Ron, the 360 hardware sucks. I had one that got the 3 red rings, sent it to M$, and then 3 or 4 months later, got the same thing back. I was not very happy. The PS3 also does have the better hardware, in terms of performance. It has some amazing looking graphics, and awesome power, but there is just one problem, programming. I have said this from the begining, you have such an advanced chip in the thing, that it's going to take developers years to make just an arcade game! If I were you, I would look at where are all of my friends at, and what am I going to out of the system the most.