Seems to me all of Sony's efforts with regard to PSN are going into adding more stuff for you to buy in PlayStation Home. On the Xbox Live side, we're seeing programmed content in the form of Xbox Live Primetime finally launching, 1080p movie and TV streaming, social networking withlast.fm, Twitter and Facebook, live TV with Sky Player in the UK (and rumors of Hulu in the US), Video Party (MST3k-style) and Games On Demand, cutting out the hated GameStop. People complain about multiple discs for Forza 3, ME2 and so on, but why does it matter when one can just download those gameslike on Steam?
Meanwhile on the PSN side, you've got picture sharing in Home (which you have to purchase virtual picture frames in order to use) and not much else. And PSN was lagging behind Xbox Live as it was.
You truly do get what you pay for with Xbox Live. It's rapidly getting to the point where an Xbox 360 with Xbox Live is the one box that will serve all of your entertainment needs.
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