How interesting. A Power PC lover. The cell processor is a Power Pc with 7 specialized cores... which have their own purpose.
I have been reading developer rumors that state that programming for the PS3 is even harder than on the PS2. And more expensive. And that pararelism has not been perfected. Please correct me if I am wrong.
Blu-Ray is a way to copy protect Sony's games. There won't be any Blu-Ray readers/writers for the PC as far as I know... to avoid illegal copying. Again, please correct me if I am wrong.
As for graphics... the nVidia RSX is based on the 7800GT graphics core. That core is Shader Model 2.0 compliant, while the aTi graphics core found in the Xbox 360 is based on the X1800XT, which is Shader Model 3.0+, and it is running in a native Direct X environment. I wonder who has the upper hand in graphics in real world performance, even if the PS3 uses some sort of OpenGL, in which nVidia excels. Yet I have seen some Oblivion (360) real-time videos here... it is beautiful and something that could be done in both consoles, but bethsoft decided not to port it to the PS3 because it was too complex (the conversion).
Ironic... the soon to be released Zelda looks better than some of the so called next gen games...
Storage space... funny argument. I think that Resident Evil 4 looks better than some games released lately, except obviously F.E.A.R. (the one that brought my baby to it's knees!). And the team at Capcom didn't use uber textures for that, just excellent modeling and texture compression, which is something most recent consoles can do in real-time. Real-time texture decompression, and there is no quality lost and saves space. Yeah, it did need 2 GC disks, but it was an excellent game and a good example of well used resources. And in the translation to PS2, some quality was lost, yes... but it had extra content and I believe it was still 1 DVD including the extra content.
I don't understand the fanboyish comments. just because the disk format war? I prefer faster transfer rates and cheaper manufacturing than paying for an unproven technology as Blu-Ray is.
Still, I will go with Nintendo. They will not fail me this time. 
Wait until the 3 are released and there, when you OWN the 3, you may play them and decide, not which one looks better, but which one you do find more entertaining.
"When you were born, you cried, and the world rejoiced. Live your life in such a manner that when you die, the world cries and you rejoice."
- Kabir
I will miss you guys.