I've owned and played both extensively. I sold my xbox and still have the ps3. It feels more like a system for an adult.
The reasons I still own and play it:
Blu-ray, free online gaming, prefer the joystick, GT5, Uncharted 2, awesome user interface, works very well as a media center, netflix in HD with no disc, lower system noise (the xbox was loud as hell), system quality (xbox failed on me twice).
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E46 M3
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