I was hesitant to get a PS3 and finally only decided to go for it few months ago, but since I have, it's awesome. Easily better than the Wii and 360.
BluRay player > No BlueRay player (though I don't really watch any BluRays myself)
PSN Network >>> Xbox Live Network
PS3 Motion Controller technology > XBox Project Natal
PS3 Quality of build, Cell processor, etc... (hardware in general) >>>>>>> XBox
PS3 Controllers > XBox Controllers (matter of personal taste I guess)
PS3 w/ Linux/Other OS > XBox w/ Linux
I think right now, the only area XBox is in the lead is in games; that lead is going to drop significantly though as more developers have been figuring out how to develop for the PS3 and many more high-caliber games and exclusives are announced for late 2009 / early 2010.
Wii is good to have as a backup for party games, family games, kids.
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