I'll make this easier on you by helping you break things down.
1. Do you own a PS2? If not do you plan on playing PS2 games? If you do not have a PS2 and want to play PS2 games then you need the 60 gig version most likely. The 80 gig version has less compatibility for various reasons.
2. Do you enjoy FPS games more than any other genre? If so you should probably stick with the 360 until PS3 starts getting their exclusives.
3. Would you like online capabilities without having to pay monthly for online access on it? PS3 is free to play online on generally. There is no Xbox Live membership needed. Or any other membership really.
4. Would you like to surf the web in your living room? Watch Youtube videos on the couch? Then this is a selling point for the PS3.
5. Do you have a PSP? If you do then there are many things you can do between the 2. If you do have one, the more you like it, the more points for the PS3 you can input here. I love going to a coffee shop and listening to music or even playing games on my PS3 from my PSP and then turning off the system.
6. Do you love graphics more than almost anything else? Well technically speaking (GTA IV as well as Mirror's Edge developers have confirmed this) the PS3 has the most graphical capabilities. SOME games don't come as close... but others do.
7. Do RPGS and JRPGs interest you? Well then Disgaea 3 would probably interest you and it's loaded with ATLEAST 120 hours of gameplay. Probably up to a few hundred hours. That game to me is worth the cost of the PS3. I've put over 200 hours onto the first game, over 180 to the second game (but I haven't even gotten close to finishing the extra stuff on the second game where as the first game i've nearly conquered it) and I will probably end up putting 200-300 hours onto the 3rd game. Sure some RPGs are exclusive, and some games are exclusive etc... etc... but more the Xbox 360 is the ONLY system that has no need for exclusives. PS3 has better graphics, motion controls, Wii has the most motion controls, and the most uses for their controller, and Xbox 360 is an Xbox with more Ram and Vram and sometimes no hard drive and other time a bigger hard drive. Also considering Blu Ray is far more storage capable that means some PS3 exclusives CAN NOT make the jump to 360 but ALL 360s games would be able to.
Finally my question is this, do you need to get the PS3 now? Do you just want it now? What exactly? What I would suggest is picking a number of games that would make the system feel worth it to you. For me a system has to have 5 exclusives for me to want it. 360 hasn't reached that number yet and some of the games are comming over to the PS3. Ninja Gaiden 2, Star Ocean 4, possibly Mass Effect (not sure about that one yet) are game that interest me. Bioshock is going to teh PS3, Gears of War 3 will be on the PS3, and some other games are losing exclusivity. 2 games just won't do it for me UNLESS they are games that have shaped my entire view of gaming. For me the countless hours I have enjoyed the Disgaea series has bought my loyalty and to me those games were more than enough.
Why did I get a PS3? Because my PS2 was dying, and if I traded it in I could get money. I bought a 60 gig, Trauma Center Second Opinion, Resistance Fall of Man, and GoW 2 and the PS3 for 600 dollars roughly (after tax) when I had plenty of money and needed to salvage my PS2 before the sale went out. If I didnt sell it, there was a possibility my PS2 would have gone out and then over 100 games of my collection would be unplayable until I payed more money. So I bought it to ensure I could continue to play games. Of course the best news is, it's very reliable and I have only had it freeze on me 1 or 2 times out of the year I've owned it and the countless hours we've used it for. No failures. No issues, no overheating.
I'm not trying to persuade you to buy it, I'm trying to help you have the critical thinking required to allow you to make your decision. If you want my honest opinion on wether or not it's worth it, I say that it's not yet there for everyone yet, but dont' worry, it will be. If not now, probably a little later this year. That's my honest opinion. Eventually yes it will be worth while for everyone. Just like the PS2. I still don't think I'd enjoy having a 360 nearly as much, or if there will be enough games to make me want one bad enough. Honestly though, if Disgaea 3 was comming out for 360 instead, I probably would have bought one by now.
So look at the games you want, and when they'll be released. Then give them 6 months from that date if they haven't been delayed yet (this is becomming true of all consoles) and then plan to buy the PS3 then. :P
*edit* 1 side note. If you go for the 40 gig version, remember you can always increase the HDD size. They are SATA hard drives and you can buy the hard drives it takes for about 170 dollars will get you 250 gigs. Compare that to 180 dollars for 120 gigs for the 360's hard drives. The PS3 installs 5 gigs for ALL big name titles. Devil May Cry 4, Metal Gear Solid 4, etc... It does this to lower load times and allow better graphical capabilities. That means about 7 games will fill up a 40 gig roughly. Not smaller games like Heavenly Sword, Assassins Creed, etc.. but the more Epic type of games.
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