Specs: - Cell Processor 3.2 GHz running at 2 teraflops (Owns Xbox 360) - 256MB XDR main RAM at 3.2GHz, and it will have 256MB of GDDR VRAM at 700MHz. (As good as Xbox 360) - Graphics, RSX Reality Synthesizer made by NVidea GPU will be capable of 128bit pixel precision, 1080p resolution, some of the highest HD resolution around. The RSX also has 512MB of graphics render memory and is capable of 100 billion shader operations and 51 billion dot products per second. It also has more than 300 million transistors, larger than any processor commercially available today. It will be manufactured using the 90nm process, with eight layers of metal. The RSX is more powerful than two GeForce 6800 Ultra video cards, which would cost roughly $1,000 total if purchased today. (Owns Xbox 360) - The PlayStation 3 will also sport some hefty multimedia features, such as video chat, Internet access, digital photo viewing, and digital audio and video - Has Wireless controllers I think the Xbox 360 had awesome specs too, but PS3 has overdone themselves. But I have a feeling that PS3 will lose money because their production cost is too high, and Xbox 360 will have a lower price, and better games (Halo 3). Which will want Sony to have PS3 at a low price, causing them to loose a lot of money, like the Xbox did in the beginning. So over all Xbox 360 will win. If you didn't wanna read all that, my point is PS3 has a better console, but Xbox 360 will have better games, and the PS3 will loose a lot because their production cost will not cover their profit costs. Source: [url]http://www.gamespot.com/news/2005/05/16/news_6124681.html?gcst=2stream_sonypress_e305.asx[/url] [Edited on 5/16/2005]