Go with PS3. PS3 OWNS X-BOX and it is only getting better.
PS3= Free On line play
PS3= Better graphics
PS3= No rings of death
PS3= Blu-ray player
PS3= Better than X-BOX
PS3= your Cell phone Blutooth will work with your PS3 and you have to spend $70 for a earpiece for X-BOX
PS3= You get a $50 gift Card
Free online play? yes
Better graphics? Yes, but no game developed for ps3 is comparable to the same under xbox. this is because sony failed to develop good games using ps3's hw.
No blue rings of death? true
Better than xbox? yes, but not using resources right now
phone compatibility? useless, a bluetooth dong will solve it
50 ift card? useless