I'd say that you should get a PS3, and that's coming from a 360 owner.
The PS3 has FAR better graphics and more realistic environments. The sports games they have on display at Fry's don't do it justice. See GTA4 on both consoled side by side on hd tvs. The little details will make you shit yourself.
Home plus the recent announcement of a single registration mean that PS3's online experience will soon be on par with Xbox LIVE.
With the release of Dualshock3, PS3 most of the controller debates are over, and even if most don't use it, Sixaxis is an option.
TKnick, you say who cares that a Blu Ray can hold more, well logically, if your media can hold more data, I would imagine that the game would be better. Thats not the case at this point in time but it is something to take into consideration. Who knows if theyll take advantage of the extra capacity or if they'll wait for the next console but there is some potential in the PS3.
It's not the data that makes the game better. The data makes the graphics better and the gameplay less buggy in most situations. And PS3's not coming out with another console for close to 8 years, that's why they future proof their hardware and use the disks that have 4times the space.
PS3 has better hardware but once again, it just hasnt been taken advantage of yet.
Yet is the key word.
If you look back the first 3-4 years were rocky for all the Sony consoles. They may lose the first few battles, but Hiroshima's coming and it's gunna hit hard.
Note: I'm not a fanboy, but now that I have an upper mid-range pc, and Bioshock's announced for the PS3, I'll likely be picking one up in the next year. This was not an attack on epidemik, but merely a counter to his claims.
Peace