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Rating: 
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My friend got a 60 gig on release date and had it up until 2 weeks ago when he found out that his broken PS3 was .03% or something of all PS3s that break due to the yellow light thing. He had to buy the MGS4 pack and drive 45minutes to a college to find one and had to pay $545 since it was one of the better PS3 versions. 60 gigs are supposed to be very dependable. I guess my friend got the short side of the stick. I LOVE U PS3 ILL HAVE YOU SOON! RESISTANCE 2 ROCKS!
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Reliability:
I own a video game store. One of the services that we provide is various repairs on most game consoles. In the last year, I have performed around 60 individual XBOX 360 repairs compared to 0 (zero) PS3 repairs. PS3 Wins Hands Down
Compatability:
The 60GB version of the PS3 is FULLY backwards compatible with PS2 and most PS 1 games. The new 80GB version has some limited backwards compatability. The 40GB version has no backwards compatability. All versions of the 360 (Arcade, Pro and Elite) have the same limited backwards compatability. At least PS3 has a version that is fully backwards compatable. PS3 WINS
Value:
The new 80GB version of the PS3 retails for $399.00. This includes an 80GB hard drive (obviously), built in Bluetooth, and built in WIFI. Oh and lets not forget that the DVD player in the PS3 will play all of your regular AND Blu-Ray DVDs. The lowest cost 360 is the Arcade version that retails for around $199. This version does not come with a hard drive which will cost you around $100 for 60GB, nor does it have built in WIFI. The WIFI adapter retails for around $100 also. So for $399 you essentially get 20GB less storage...oh and NO BLU RAY!!! PS3 WINS
Game Selection:
Let's say that most games nowadays are released on both PS3 and 360, but there are some titles that are exclusive to each. Some of the hotest exclusive titles are:
PS3 - Metal Gear Solid, SOCOM, Little Big Planet, Resistance 2
360 - Fable II, Gears of War 2 and of course Halo 3
Overall, since the 360 has been around for a few more years, there are more titles available, but some of the most popular like BioShock have been ported over now to the PS3...most of the others will follow suit (except Halo which will probably always be a 360 only title). 360 WINS (but not for very much longer)
So of the 3 main decision points as to which console to purchase. PS3 scored 3 out of 4 to the 360's score of 1 out of 4.
Let me also say that I make more money selling the 360 because of all of the periphery that you have to buy along with it (more margin in accessories) so I hope people continue to go in that direction. However, when viewed objectively, the PS3 is clearly the way to go.
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I would consider myself a pretty involved techno guy (not the music). I own 2 HD DVD players and this version of the PS3. I love this system for many reasons:
1. It's the best blu-ray player on the market
2. It has a great selection of games
3. No need to buy batteries (rechargeable or otherwise)
4. Is FULLY backwards compatible with all old PS and PS2 games
5. Has a nice, functional internet browser
6. FREE online gaming
7. 4 USB ports
8. Media card expansion slots
9. You can easily upgrade the HDD
10. It constantly upgrades itself (firmware updates)
11. Built-in WiFi
12. Stores music, movies, and photos.
I'm sure there are other things I can add but I'll just stop there. I wouldn't necessarily suggest that someone pay the extra money to pay of this specific version but I would say that it certainly is superior to the others. I kind of took a gamble about a year ago when I bought this system after researching the others (Xbox 360, Wii) and I have to say that my selection is certainly paying dividends. I used to be complete anti-playstation or Sony for that matter (with no really good reason) but no I can proudly say that I'm a believer!!
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I got my PS3 about 6 months after launch and I have loved every minute of it. I got the 60 gig model for $499 and don't regret paying that much for it; it is well worth the price.
Unfortunately, I would say I am in a good position to review this system because of the wait I endured for it. I have a feeling that if I bought the system at launch, I might not have been so excited about its features (or lack thereof). Yep, that's right. The system had very few exciting features at launch, resulting in many people complaining about the price. "I DON'T NEED TEH BLOO-REHH!!", the crowds chant. But as many have come to see, Blu-Ray has benefited and will continue to benefit Sony for years to come.
The system itself is a very classy design and looks great with any pre-existing setup. Okay, maybe not so much in a "Mission Style" room, but you get the point. Setup is obviously painless, with two cables from the back. The only slightly annoying part for me was the immediate firmware update right when you turn it on. This can easily be remedied with a sandwich.
The controller is just about the same as its always been, with the lack of vibration, of course, thus resulting in a lighter controller. I had no problem with this, but I know a lot of people that thought it was a horrible move by Sony. "Motion control is a gimmick!" While I agree on that front, I was not bothered by the removal of the vibration. The fact that you can charge the controller without the need for special battery packs or cables is great. If I used the Wii as much as I do the PS3 (before they released rechargeable battery packs, of course) I would estimate I would have spent about 300 bucks in batteries alone!
Back to firmware updates, one of the most important features of the PS3. Like I said before, the PS3 would be considered gimped, looking back to how it was at launch and looking now to what we have. With firmware updates, functionality has been improved greatly. Several new audio codecs support have been added, you can stream media from a computer on your network, with remote play you can view/listen to that same media anywhere in the world, you can now access your menu in-game and send messages in-game; the list could go on!
The games; why we buy a system. To say the PS3 was lacking in the games department at launch would be an understatement. With the exception of Resistance: Fall of Man, the PS3 was severely lacking! This has now been remedied with the likes of Uncharted: Drakes Fortune, Metal Gear Solid 4, Ratchet and Clank Future: Tools of Destruction, and several other Multi-Platform titles. And with upcoming games such as SOCOM: Confrontation, LittleBigPlanet, Resistance 2, and Killzone 2, the PS3 lineup is looking VERY strong.
And that's about it. I love the PS3. I would recommend it to any video game enthusiast. It is a well built system with years of fun to come.
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I was amazed at the stupidity of those advertising these 60 Gb PS3's at outrageous prices when you can buy a new 80 Gb PS3 for $399.99. If 80 Gb isn't enough for you, you acn change out the hardrive with a lap top hard drive running at 5400 RPM. I don't know if a 7200 RPM will work. Those considering a purchase from one these should reconsider. If it is the backwards compatibility with the PS2 that is driving you, Just buy the 80 Gb & a PS2, total of $430. That is cheaper than the "Used" over priced PS3's listed here. Charlie S.
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