@BigD

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PS3 - No backwards compatibility, more expensive than the 360 for worse games/graphics/convertions

Not sure what UK prices are but in the US the PS3 and 360 are the same price for the 120GB systems. Also of note there seems to be rumblingss of launch PS3 failing out of warranty and with OS updates.

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XBox360- RRoD is a no go - I want my electronics to last!

Did you see one of MikeB's posts a few pages ago? It contained recent research. It demonstrates the problem 360s are launch consoles. The more recent models, Jasper, are close to industry standards. Since Jasper came out at the end of 08 I'd be suprised if all of models on shelves aren't Jaspers.

Wii -- sorry I have the above and really don't follow the Wii.

2010 brings a wireless controller to the PS3 and a non-controller to the 360. I'd say it might be worth waiting a year and see which you like better.

Perhaps one question is when will the next generation come? I believe the Wii-HD will be first to market. Followed by Microsoft then Sony. Right now I wouldn't expect a new Microsoft or Sony console prior to 2012. But, it's anyone's guess.

If if you want to stay at PS2 generation but might like some more games the used market for Gamecubes and Xboxes is good and inexpensive.

@BigD

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BigD wrote: @Thread Wii - PS2 level hardware with a gimicky controller = dull party game shovelware that is by and large worse than the EyeToy - Wario Party is rubbish!

Please don't confuse titles released for the Wii and PS2 concurrently as real Wii games. They are cash-in ports using PS2 assets as the lowest common denominator.