I recommend the PS3 over the other consoles, though I own them, because it does so much. Not only is a fantastic gaming console, it has the Blu-Ray player, and the option to make it a media player as well. I currently have mine set up with a media server on my computer, and I host all of my television episodes, photographs, and music on it. It has few limitations on what codecs it supports, both for audio and video, and setting up a media server can be done with free software.
Furthermore, the online community is free of charge. While the quality of service may be less than what one gets with Xbox Live, I don’t think it’s enough of a difference to justify paying the money for an XBL Gold account, which I’ve had previously.
It also has a nice little web browser and built-in wi-fi, as well as a fantastic marketplace where indie titles and PS One games are made available. It has a very slick GUI, the option to install a secondary OS, and uses USB for flash drives, charging controllers, and hooking up gadgets.
The Xbox 360 can do many of the things the PS3 can, but through separately purchased peripherals, which ends up costing as much as the PS3 does from the outset. I feel it was an excellent purchase, and my game library has grown significantly since I bought it. Sure, there are cross-platform titles there, but I find myself more likely to buy them on PS3 than 360.
So far, I have FEAR 2, Killzone 2, Silent Hill Homecoming, Resistance, Resistance 2, Dead Space, Ratchet & Clank Future, Folklore, Rainbow Six: Vegas 2, Uncharted: Drakes Fortune, The Eye of Judgment, Little Big Planet, Metal Gear Solid (which is almost a reason to buy the PS3 by itself—in a word: EPIC), Warhawk, Guitar Hero: World Tour, Condemned 2: Bloodshot, and Fallout 3.
Any game bugs or issues, I’ve found, are quickly resolved via patches. System updates are frequent, yet not annoying.
The thing to remember, regarding game library, is that the PS2 currently has one of the largest and most diverse game libraries since the NES. The PS3 is catching up in terms of diversity, and will offer great exclusive titles. Again, titles are cross-platform, but I favor the PS3 over my 360 these days, mainly because of its many extra perks.
I recommend it. In the end, it doesn’t feel like I’ve spent $500.