The 360 problems are just blown way out of proportion by the PS3 fanboys. I don't know anyone personally who has had their console break down, other than me, however mine was due to a faulty disc drive caused by my brother dropping it when he owned it. The only place I've seen reports of break downs are in threads about broken 360's! At the end of the day you should decide whether you want the Blu-Ray as well. Another consideration could be what consoles your friends own, so you can play against them online.
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