Wii
-built-in wi-fi
-free online play
-twice the power of GameCube
-new motion sensor controls, puts you in the game
-WiiConnect24
-games include Metroid Prime 3, Mario Galaxy, Smash Bros., and Zelda
-plays GC discs
-can download NES, SNES, N64, TurboGraphix, and Sega Genesis games!
Price = $200
Xbox 360
-xbox live
-xbox live arcade
-download trailers, demos, gamer points
-high definition graphics
-emulator plays xbox games (badly)
-games include Halo 3, Gears of War, Oblivion
Price = $300, $400
PS3
-plays PS1, PS2 games
-very powerful processor
-online network, access to music downloads
-no rumble feature in controller
-BluRay player
-games include MGS4, Final Fantasy XIII
Price = $500,$600
Playstation's in trouble. I can pay 400 less dollars to get a Wii, and it will let me play practically any game to exist from Nintendo's past (not to mention the Sega Genesis), will have a revolutionary new way to play games (as well as a rumble feature, unlike the PS3), has built in wireless capabilities (the $500 PS3 doesn't), and has a way better lineup of games to boot!
If a product costs more, that should be because it is a superior product...but price aside, the Wii is clearly superior to the PS3. Why on earth would I pay 3 times as much money to buy a system that is inferior? Simple answer: I won't.
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