I have both, although I've had the 360 for much longer than the PS3. I was really impressed with the PS3, the 360 has had numerous HW problems. Although comparing today's new 360 with the slim PS3, I suppose they are pretty equal.
The PS3 is more versatile, with Blu-Ray support, and it handles more media better if you are streaming from a PC or media server. DVDs also look fantastic on the PS3, it does a great job of up scaling.
However the 360 blows away anything in one area: Kinect. I have the Move and the Kinect. Move is fun, like a more precise version of the Wii with some neat extensions, but the Kinect is something else entirely. If you have the proper space for it, its tons of fun.
They both have their particular strengths, it all depends what you want.
The PS3 is more versatile, with Blu-Ray support, and it handles more media better if you are streaming from a PC or media server. DVDs also look fantastic on the PS3, it does a great job of up scaling.
However the 360 blows away anything in one area: Kinect. I have the Move and the Kinect. Move is fun, like a more precise version of the Wii with some neat extensions, but the Kinect is something else entirely. If you have the proper space for it, its tons of fun.
They both have their particular strengths, it all depends what you want.