The Wii
Set to revolutionize the gaming world, this console will be sold for $249.99, and will come with Wii Sports. The controller actually has a motion sensing device inside, which will allow you to play games in a completely different perspective. Basically, if you're looking for a cheap console that provides fun, easy gameplay, then this is for you.
Playstation 3
This console, the Sony Playstation 3, is also great, not only in hardware specifics, but in price. It is, by far, the most technological system on the market, and the game's visuals prove that. Their controller also has motion sensing. However, the price is very steep, at $500 for a 20 GB with way less stuff, and a 60GB, which will come at $600. If you have the money, then this isn't the worst decision you could make.
MY view: Both systems are proving to have something that will make them great. My big issue is with the Playstation 3. The giant has already been released in Japan, and already it's experiencing bugs. Personally, if I just spent $600 on a system, I wouldn't be very satisfied if it suddenly stopped working for me because Sony doesn't know how to make a system right the first time. However, look at recent history, and Nintendo has had no problems with their systems at all. Buyers will have to put this into consideration.
I would really like it if all of you would post your opinion on this. I am getting a Nintendo Wii, and I really hope I'll enjoy it. I just don't think the PS3 is worth getting right now, since it's such a high price for a system, plus it's going to have problems, despite Sony's best efforts.