The PS3 might not be looking so hot on the market now, but I predict that it will sky-rocket in the near future. If you look at its features from a glance, it is the best system out there, but that is at a glance. You will see that their online will be better than x-box but currently it is a work in progress. For one, it is free so you are saving lets say $50 and it is in real dollars and not virtual money to make you seem that you are getting it for free. Their blue-ray player is built in, which is a big downside since blue-ray might not do so well, but you do not need to buy a $200 add-on unlike the 360. The games might look the same as the 360 now, but wait until next year and it will blow the 360 away. The controller is motion sensor, so that is a plus but it has no rumble. The Ps3 also has a web broweser so you can look at porn while fragging a friend.
If you break it down, the xbox is the same amount as the PS3.
Xbox 360 Platnium Edition ($400) + xbox live ($50+) + HD-DVD ($200) + HDMI cable (about $10) + anything else I am missing?= about $660
PS3 60GB ($600)+ HDMI cable (about $10) + anything else I am missing?= about $610 and you get 40gb more of space to save games, movies, etc; and a much faster system.
The PS3 only compition is the xbox 360, but the main competion is between blue-ray and HD-DVD. I think neither will win but that is just me.
PS3 is loosing in the short term but they will win in the long term, unless microsoft releases a new system to blow sony away!