Hardware=Have to give it to the 360 personally never had RROD and still have my 2007 console in good condition, PS3 had 3 blu-ray failures and a faulty harddrive.
Game Library=PS3, 360 started off well but petered off towards the end.
Network/Online=360 far more stable and faster connection, always found PSN to be slow and can be unstable at times.
Overall personally I give it to the PS3 as the games are more important to me, although I found last GEN MEH.
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