If it was my choice between the 360 and PS3, i would wait though, given that the HDDVD offer with 5 free films is due from MS anytime now and in theory the bundlge with a pile of new games would make it the same as a PS3.
I wasn't in the same boat as my 360 uses Component so i will really need a pro version to go to HDDVD when the drive offer comes in.
Matt.