The age old question of which system is better. What does make this generation rather unique is because of the high failure rate of the 360.

It's a tough call. I have both systems and even after my first 360 crapped out (and could not be repaired under warranty because the original owner had the case painted and the warranty sticker was gone) I bought an Arcade unit with the latest chipset. Even with all the issues people have had, I still paid the $200. Why? XBLA. There are games on there, when time permits, I play on a regular basis that cannot be found on PSN. Shadow Complex, Geometry Wars 1 & 2, Castle Crashers (though that is coming to PSN soon), Time Pilot, Pac-Man Championship Edition (wife's personal favorite)...the list goes on. The amount of time spent with these games and others warrant the purchase.

I will admit I have been playing my PS3 more lately due to the fact that the online play is free. I have XBL Gold but the last 4+ months my time was devoted to practicing and then performing in a couple plays I was in along with other situations. With my future daughter being born in April, I can see my online gaming time (or any gaming time) getting reduced and thus wasting my subscription. While I had to send my PS3 in for warranty replacement (something crapped out on the hard drive I think), I still feel it's more trustworthy than the 360. The rechargeable batteries on the controllers last way longer than the 360's (even just sitting around doing nothing). For DLC I find PSN to be a lot better than XBL because I can buy what I need in regular currency than have to doink around with points I have to buy in set number blocks.

Personally, I can't answer which is "best". I like them both for the reasons above, though I slant more toward the Playstation side. No regrets for me.