Got a HDTV .... then the ps3 is the best thing to buy with it.
HD movie playback via industry standard blu-ray format.
HD gaming, free online, user upgradeable hard drive, excellent DVD upscaler, movies and music can be added to the HDD and played back, excellent audio.
Xbox is a good games console, ps3 is so much more and in my eyes better value for money.
Plus GTA4 runs best on PS3.
Nice post although I reckon it's not entirely without a discussion
HD movie playback via industry standard blu-ray format.
Absolutely true and a big plus since HD-DVDs demise, although the growing Live online library of downloads may begin to counter this for casual film fans eventually, it will depend on the cost and quality of the content MS sign up I suspect.
HD gaming
True, although the 360 does the same (Wii doesn't though it has to be said). Granted I don't think there are any 360 games in 1080p format, I think they're all 720p (maybe 1080i?). The 360 supports 1080p for media though.
free online,
360 has limited free online, although given Live gold can be picked up for £25 per year I don't think it's a massive deal on the scale of the PS3 hardware and games costs. Fair point if you're on a budget though.
user upgradeable hard drive
You can upgrade the 360 drive as well, either by buying the horribly expensive 360 official 120mb drive or do it yourself with a cheap SATA drive. MS have made it difficult though so you can still only go to 120mb internally (although you can add an externall USB drive of any size). 1 up for the PS3 there I think
excellent DVD upscaler
Good point, I think the 360 also upscales although the internal DVD drive is a noisey as hell when it's spinning - time for a bargin priced end of line £30 360 HD-DVD drive maybe
movies and music can be added to the HDD and played back
Ditto, The extra HDD space can in some ways be negated by the 360 media connect to a PC/Media Centre/external HDD/iPod, although agreed, having a 500GB internal drive is a better option.
Audio
You're dead right here, limiting the 360 to DTS or WMA-Pro at most was a mistake. I think coming to market that little bit early for the 360 left them caught on the hop with some of the HiDef stuff...
For me I have the HD TV, but also a PC and Sky HD so the 360 is spot on using the Media Centre interface for getting music/films and audio to the big screen & amp. The larger catalogue of games and (so far) better online experience makes it the right thing for me (and I'm only speaking for me) so far.
If you don't have a PC or Sky then the coming PVR and media capabilities for the PS3 could make it ideal as a single box solution that cover most bases.
I still don't think the 360 can be written off on the media front, perhaps with the exception of BluRay which, if you're going down that route, makes a PS3 a no brainer.
All in all I tend to think they're fairly evenly matched, which can only be a good thing for consumers in the long run
As for GTA4... we'll see, some reports suggest the PS3 is a little sharper witht he 360 having better colours. The exclsuive 360 online content could be important in the long run.