I plan on getting a PS3, no real reason for it, just want to...
I don't have a super mega awesome TV as of yet, so the fact that it is blue ray really doesn't mean shit to me, I can't even make DVDs look any better then tapes...
But I love my 360... Maybe I'm just used to loud shit, but it isn't that noisy, mine has NEVER over heated (and man I have played the SHIT out of it before... left it in for days on some long Forza 2 races) and never skipped a beat... and i treat the thing damn rough too...
First Xbox I have ever had too, had both the PSX and the PS2 before the Xbox (both were fantastic, PS2 was our first DVD player... LOVED IT!) I might look into chipping the xbox...