I would reccomend Xbox 360. Halo( people saying its being milked are usually the ps3 fanboys that have never played it :P ), Gears, Mass Effect, Dragon age. I worked in my local GAME store for years and believe me, we saw just as many faulty ps3's come back as 360's.

You appear to be a big fan of racing sims, on 360 you have Forza, an excellent racing game that has the bonus of actually being out on the shelves to buy and play.

What can I say about online? Well the old saying "You get what you pay for" really rings true here. Also, I'm on there and I rock! :)

Control pads are far superior on the 360 and more ergonomic too.

New 360 hardware is whisper quiet and has wifi built in.

I do own a PS3 aswel but it just sits there gathering dust, perhaps I should take it for a walk and put it out of it's misery.