Well, since you had a PS1 and PS2 you might still have old games so you might want to get a PS3. You could get an Xbox but then your PS history is longer than your Xbox history. So it actually could either console, but it seems to lean towards PS3 more because you probably had more games on the PS1 & PS2 combined that the Xbox. Also, you won't have to worry so much about 360s causing problems because I read a lot of questions of people having problems with their 360s whether red ring or not and sending them in for repair. 360: - Up to 4 controllers maxed. - Best online service to date (Xbox Live), but you have to pay monthly or yearly. It's like $50 a year, $8 per month, and $20 per 3 months. - Ton of games. Best known for its shooters like Halo 3, Mass Effect, Bioshock, Gears of War, Call of Duty 4 (also on PS3), etc. (But some of these shooting games are also on PC like Gears of War, COD4, and Bioshock) - You can play HD-DVD if you have the HD-DVD drive otherwise you can't. - You need to buy a separate wireless adapter to go online. - Has HDMI 1.2. - Better graphics (not sure). It's debatable. - Upgradeable hard drive. - Can store music, pictures, and videos. - High failure rate. - Controllers have vibration. Can be wired or wireless. PS3: - Games come in a variety of genres. Not many good games now but they're coming. - Supports up to 7 wireless controllers. All wireless. - Flash card readers. - Can store music, pictures, and videos. - Has HDMI 1.3a. - Built-in Wi-Fi for wireless internet connection. - Built-in bluetooth. Therefore you can use a bluetooth keyboard and mouse so you can use it like a computer. - Free online service/gameplay. Home coming out soon which is like a virtual world sort of like the Sims. - Upgradeable hard drive. (Easier to do than the Xbox) - Can interact a PSP with it. - Can play PS2 and PS1 games. (Except for the 40GB model which can't play PS2 games.) - Built-in blu-ray player. Games built on blu-ray which has more capacity than Xbox's DVDs. - More powerful engine/CPU (Cell Processor), but so far no one has tapped into that power. - SIXAXIS/Dualshock 3 controller. SIXAXIS allows you to twist and turn the controller and the game will react to it while the Dualshock 3 gives you vibration. In a way it's similar to an Xbox and Wii controller combined.