^^THIS
I remember when the PS3 and 360 came out the PS3 offered twice the amount of stuff with a blue ray player, internet browser and all those other little things.
Look at them now with all the updates to 360 it offers more than PS3. Xbox live is in a different league from PSN.
As for game play I think XBOX has always been the better gaming console. Its slicker in game and the pad is far superior.
This is a whole new kettle of fish though and if sony have learned anything they wont lose this battle the way they did with the PS3, they lost alot of customers and have work to do getting them back.
I'll certainly wait before making my judgement as its alot of money to spend and I don't want to waste £350 like I did last time round but if its going to be anything like these consoles then XBOX can be the only winner. I wouldn't mind paying the extra if there will be the same gap in performance.
Every single 1 of my friends were loyal to Playstation even bought PS3's but they were left to gather dust pretty quickly to be honest only time will tell I suppose.