Xbox 360 Arcade:
$279.99
Xbox 360 20gb Hard Drive:
$99.99
XBox LIVE 1 year:
$49.99
WiFi:
$99.99
HD-DVD:
$179
Total: $708.96
Playstation 3 (60 GB):
$499.99
PS3 60gb Hard Drive:
included
Playstation Network 1 year:
free
WiFi:
included
Blu-Ray:
included
Total: $499.99
Savings: $208.97
Assuming each game is $59.99, you saved approximately 3.5 games worth of cold, hard cash.
Even if we do this with the Elite it's still better. Let's see:
Xbox 360 Elite:
$449.99
XBox LIVE 1 year:
$49.99
WiFi:
$99.99
HD-DVD:
$179
HDMI Cable:
included
Total: $778.97
Playstation 3 (60 GB):
$499.99
Playstation Network:
Free
WiFi:
included
Blu-Ray:
included
Proprietary 120 GB SATA Notebook Hard Drive:
$99.99 (you can get them as cheap as $54.95 but just to prove my point I'm gonna go for expensive)
HDMI Cable:
$99.99 (You can these as cheap as $20, but let's just pretend you can't find any near you. As you'll soon see it's still cheaper)
Total: $699.97
And this assuming you massively overpay for your 120 gb hard drive and your HDMI cable!
Savings: $79
You don't save as much as you would vs the guy who tries to fully upgrade his Xbox 360 Arcade, but 79 clams is enough for a game plus some pocket change. The PS3 is looking to be a much better economic choice; ironic considering everybody seems to think that the PS3 is somehow the "expensive" choice. Not anymore, at least not for the people who want the full gaming and HD experience. But let's say you're really gimped. Well let's see, shall we?
Xbox 360 Core (not Arcade), Refurbished:
$220.00
20 GB Playstation 3:
$299.99
Loss: $79.99
So if you're absolutely strapped for cash, it's true, you can get a refurbished Xbox 360 Core for about 80 dollars less than a 20 GB PS3. But let me ask you this: would you trust that 360 not to red-rings within 2 days? It's a refurbed Core! That PS3, on the other hand, is NOT refurbed, and the PS3 in general has a reputation for being one tough machine.
At least in terms of hardware and price-for-value, the PS3 is way better than the 360. Now software is another story, but that's another post.
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