Playstation 3

PS3 has HDMI

i’m just going by the side by side comparison on paper.

we won’t know for sure till they are both out & can be test, but PS3 has a slight edge on paper.

Ps3

3.2GHz Cell w/ 7 SPEs
2.0 TFLOPS

Xbox
3.2GHz G5 w/ 3 Cores
1.0 TFLOPS

ps3 has designated memory for system & video
256MB XDR @ 3.2GHz
256MB GDDR3 @ 700MHz

Xbox has shared memory between the 2
512MB GDDR3 @ 700MHz

PS3
550MHz NVIDIA

xbox
500MHz ATi

Ps3
Best Display 1080p Standard
Dual Screen Output

xbox
1080i Optional
Single Screen Output

Ps3
1000BASE-T Ethernet
Wi-Fi 802.11 b/g

xbox
100BASE-TX Ethernet
Wi-Fi 802.11 a/b/g

Audio = same 5.1 Digital

Wireless Input
ps3
x7 on Bluetooth 2.0
xbox
x4 on 2.4GHz RF

they are very similar but if you had to give the edge just looking on paper Ps3 would probably be the choice.