Xbox 360:
PROS: huge online community, great exclusives, Comes with headset, cheaper games,
Cons: Reliability, No Blu-ray OR HD-DVD (for those of you who didnt know HD-DVD IS DEAD!!!) You have to pay just to be online, Controller have to replace batteries, No BUILT-IN WI-FI.
PS3:
PROS: Blu-ray, More powerful, better made, hardware, internet browser, Slot loading drive Better reliablity, Free online
Cons:less exclusive titles, No reverse compatibility,