Let me set a precidence here...
Every nextgen gamer makes it a priority have money for their game console. At $60 a game neither system is cheap.
Now lets get down to the niddy griddy.
1. Xbox 360 owners now spend at least $200 for their game console.
2. To get wifi they will spend another $100 for the hardware from microsoft. (note: that is the retail price. you can probably get the component cheaper on ebay but I'd bet that the majority of sales of that compenent are purchased at retail from microsoft) I'm sure there are a few of you out there that don't have the wifi component. That said, I'm sure, if given the choice, all of you would rather have it.
3. How many of you have bought a computer or laptop since you bought your 360? A good laptop of desktop is going to run you about $750. Where am I going with this? Well, if you didn't already know, PS3 owners have the ability to run Ubuntu Linux on their PS3. So long as your not into image software Linux on PS3 will have all the computing power you will need. I currently use open office for all my office needs and firefox for browsing.
4. Now let's talk about the BluRay player. For a decent one your talking another $300. By the way, saying that your not that into bluray's is like saying that you'd rather watch cable tv then HD on a satalite.
5. Xbox live costs $50 a year. Lets say that the 360 some how makes it 10 years. That's another $500. I admit that points one through four can be debatable given that one doesn't NEED wifi, a computer, or a bluray player. That said, you can't get around point number 5. The undisputable truth is that by the time a the next console comes out you will have $700 for your Xbox 360 ALONE! Is a 20GB Xbox 360 worth $700?
360 = $200
Wifi = $100
Computer = $750
BluRay = $300
Live = $500
Total = $1,850
The question people need to be asking themselves is not "is the PS3 worth $440, (add $40 for a wireless keyboard and mouse for Linux)" but "is the 360 worth $1,850?"Let's also note that the standard harddrive the for $400 PS3 is 4 times bigger than the standard hard drive on the $200 Xbox 360.
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