I think everyone seems to be missing the thing that always gives the PS3 the advantage.
Its multimedia capabilities. The PS3 is far better for media consumption than Xbox 360 or any other platform out there besides PC. The Bluray gives the PS3 a giant advantage while the 360 struggles with the dead platform of HD DVD. PS3 has modern technology and its more economic for a person to own a PS3 (free online play, bluray player built in, does not red ring.)
Beyond that I will say I do not like console wars as they are nothing but fanboys of each platform saying their opinions that cant be changed.
Each platform has their flaws, even PC gaming. You just gotta look at the economics and the technology that suit your PERSONAL tastes, beyond that everyones opinion is going to be different. But in terms of economics the PS3 has the tech that the 360 lacked and the PS3 outsells the 360.
Personally I like my PS3 for the wide ranges of media consumption it provides me, not just gameplay. I own all of the big 3 current platforms (360, ps3, and wii) and I have to say that after my Xbox 360 red ringed and then the replacement red ringed I have to side with my PS3 as I have had never had a problem with any of my 3 PS3s failing (each in a different room for multimedia purposes) and my Wii became known as my Netflix Box.
Each platform has their flaws, I go where you get the most bang for the buck in all of its capabilities.
This thread will turn into a flame war, I thought Id provide some neutral sensible feelings to this.