MysterD: I'd maybe buy a 360, if the damn thing didn't have RROD galore and didn't have a massive failure rate.
chautemoc: Apparently the newest models greatly alleviate the problem. Haven't heard any RROD stories about them yet...
I still wouldnt buy one just because they screwed people for so long, knowing they could've prevented it. God they are such whores...and people are such idiots.
Reports of the elite dying are abound on the internet, and in my home as well, one of my dear friends brought his 5 month old elite around, only for it to kick the dust in front of us, there is no permanent fix for the RROD, despite probable millions of dollars into finding a solution.
I am going the opposite, very soon I will build my first ever PC the cost less then two ps3's a year ago, and much more powerful then the PS3 itself. This came after the death of my beloved PS3 and the utter failure of sony to provide a repair service that is financially feasible, it would've cost me 120 pounds just to get it repaired, and even then it would probably not be a permanent one.
If the amount of sony repaired PS3's breaking down soon after the owner got it back is an indication, mine too would have kicked the bucket yet again. I was disgusted by the reliability of such an expensive investment, and a computer like console. Sony themselves said a ps3 can last 10 years straight, mine did not last two years, even with excellent care, 320 pounds pretty much warrants that. They have killed my 15 year long confidence in them, my launch day PS1 and PS2 work like new. If ever I get the DRE in my PS2, I know that with some research, I can fix it for good, there is no permanent solution to the YLOD, despite reams of info on forum boards. The closest anyone got is Glitsky, and his way of fixing the ps3 is not permanent.
One thing the consoles can't even hope to touch is the reliability a pc, and even laptop can offer. My old laptop has done sterling service for 2 1/2 years, and I have treated it very, very badly in the past. Add to that massive stress put on the old, integrated ati gfx chip, and I cannot fathom how it is still working fantastically.
The problem with the 'HD' consoles is of cooling, there is too much tech squashed into a plastic case, yes they both have fans, but one thing the RROD and the YLOD has proven, it that the cooling solutions simply do not work. The consoles cannot dissipate heat built up effectively. This problem is not prevalent on a pc, where sufficient cooling is more than easy to implement, even if you overclock to high noon, God bless water cooling. If ever one of your PC part goes the way of the dodo, you can find out the problem and fix it. That's not the case with consoles, once it's borked, you entrust it's repair to another person which can go horribly wrong.
Heck, my budget laptop has more of a better cooling solution then the PS3/360. With the advent of even newer, more powerful consoles in the future, expect the issue of overheating to be a big one.
Whoever decides to dive into 'HD' console land for the first time, please be prepared for a good chance it will break, whilst your PC sits in it's corner, almost saying, 'I told you so'.