See, I read all these pros and cons etc but at the end of the day its all about individual oppinions and what you want it for.
I own every console since the Amiga Keyboard Cassette tape unit and gaming has been a heavy part in my life for decades. In regards to my PS3 and 360. Well, I will say this, I was a sony fanboy for PS1 and PS2 although if the Dreamcast had not been overshadowed by the PS1, the PS1 would have died instead of the Dreamcast.
Anyhow. You all talk about blu-ray this and blu-ray that. This is a gaming console. Why would anyone buy a 500+ dollar console for blu-ray movies? The PS3 for me is a major let down and as much as I hate microsoft, the 360 is more enjoyable.
What are the pros of owning a PS3? really I don't know. Other then having a few exclusive titles like Gran Turismo 5, God of War 3, Ratchet and Clank series. There really isn't much else to make the console worthwhile. The online downloadable game content for PS3 games is shockingly bad compared to 360, and other then what, a blu-ray DVD player, what does it really offer? nothing.
If I want to watch blu-ray movies (which in all honesty I don't) then I'll buy a blu-ray DVD player and not diminish my console's life time by watching movies on it. Not to mention it would be quieter on a normal blu-ray dvd player.
As a developer of games and hardware, I just don't get the mentality of some people. Sony has strayed away from what is gaming and has provided in all seriousness a very expensive blu-ray DVD player with...oh lets throw gaming into it. The game choice on the PS3 is horrendous and proves my point in other sites that exclusive games should not be allowed. I know its what helps sells certain consoles, but it really stinks. I think games should be made available to all consoles and if Polyphony want to make more money back then what they spent to make Gran Turismo 5, then they need to also make it available on 360.
It really ticks me off that as a sony fanboy, I have to say that the PS3 is the biggest let down in gaming history. Now I know that many of you other sony fanboys will nag at me about my views, but I don't only think as a gamer who has played thousands of games across every console, but also as a developer. The PS3 is for me the biggest let down in gaming history, I expected much more and how many years later we're still being told, just wait, it will pick up.
You can think of the PS3 like Windows Vista and Windows 7. Windows Vista was the very bad OS they brought out and instead of fixing it, they brought out the better Windows 7 so people could spend more money on what was evidently better.
The PS3 is Vista, the very bad product that exists now, and instead of fixing it, they will release their next console in the future that will HOPEFULLY rebuild the Playstation name.
But that is my two cents on the matter. Each person will have their individual choice. For me, I want a console for one thing, gaming. The Xbox 360 provides that in a much larger scale then the PS3 does in my view.