I took the next gen plunge by getting a ps3 and a wii, right now i love it cause i got a wii first, then a ps3 a day after.  I'm not bored of the games yet because i didn't have time to outplay them right now.  Don't buy a 360 if a)you have a gaming computer, or b)no games coming out soon interest you.  I'm option A.  About the hardware realibilty my ps3 is great, never failed, my wii on the other hand, it freezed when i was playing super paper mario.  So i'm worried and pissed.

 About the 360, I got the honours of playing it from launch, cause my best friend at the time got one the second the store opened, i was ticked right away we got a red ring i can't remember if it was 3 or 4, but we waited a hour and it worked again.  there isn't any exclusives for it in the long run.  Halo 3 will probably go on computer, gears of war is going on and lost planet is.  

Get ps3 if you want great games in the long run

Get a wii if you want fun games which are great when friends come over

Get a 360 if you don't have a gaming computer, or can't wait till they come to computer 

I'm guessing the key word to console exclusive is the word "console", but I am not a fan of the xbox mainly cause I have a powerful gaming computer, and even though games come out later on for the pc, there makes no sense for an xbox to enter my home.  Games look better on my pc then the 360, and they load better on the pc. 

Halo 1, and 2 are not "exclusives" as there is a loop hole in getting it, I am aware they don't launch at the same time, but there not really an exclusive.  I'm aware that microsoft dominates the pc market, so either way they make money.  More of your "exclusives" are being released eventually onto pc.  Lost Planet and Gears of War are also coming to the pc.  

So are all your xbox exclusives really an exclusive, as if I was a fan of Halo, I could play it without owning a big X.