Alright, this is really getting to be too much. Concession time: the 360 Elite has a much better survival rate, nearly comparable to the PS3. So dollar for dollar, if you get the Elite, which costs the same as a PS3 Slimline, you'll be alright. Aside from that, s69-5 makes a very good statistical point. Numbers don't lie. However now that the Elite is in the same price range as the PS3, the debate should really be about those two. The only differences between those two from my research: PS3 has slightly better loading time, Blu-Ray, and SIXAXIS, while 360 Elite has better online content and functions, which often tends to be the sole selling point of the 360. Now that Sony stopped making BC consoles, 360 is also the one to go to in order to play vintage games. So with their flaws and bonuses, the PS3 Slimline and the 360 Elite are roughly equivalent except for instannces of personal taste.
But white 360 is trumped by truck-size PS3 ;D