not fair.

first compare the 500$ PS3 to the 470$(elite),they are the most similar. now,you said without addons that are not required to play the system,so i will keep out the HD-DVD drive(just to follow your rules).

now,do you only mean to use the system for one year?if not, you have to add XBOX LIVE for the hole console life cycle which should be around 5-7 years(lets say it's 5).

For the PS3, you have to add an HDMI cable which is around 20$. 

so now lets caculet:

PS3: 

500$+20$=520$(w/160GB HD=660$

360: 

480$+250$=730$(w/HD-DVD(200$) drive+wireless adapter(100$)=1030 )

*feel free to correct my caculation or my pricing information

Gamerzk

You forgot the wireless adaptor for the ps3

[QUOTE="the-destroyer"]amazon.co.uk have had the ps3 up for preorder for 2 days and you can still order 1 when the wii sold out in under 10 minutesVitalife2

No, the PS3 was available for around 4-5 hours, they had a lot more stock than they did for Wii.

you can still order a ps3 now. i ordered mine yesterday