According to what criteria, and to whom? Not trying to start up that old flamewar - please, no! - I'm just curious.
AFAIK, the 'Falcon' hardware (that of the most recent one?) - which is what I'm looking at getting - doesn't suffer from that problem, but I also seem to recall that MS has increased the warranty for that issue to 3 years or so. (?)
Regarding online play, that's something I haven't really explored much. Not sure I want to, either. So, TCO or whatever is still likely to be lower (for me) if I choose a 360 (Pro/Premium?) over a PS3.
Wavering, at the moment. But I'm likely to get one now. Thanks again for everyone's points of view. It all helps.