360 will not play blu ray as standard. Blu-ray will play normal DVD, but due to the memory storage difference, it does not work the other way round.
Like i said the 360 is still a fine machine, but history shows that developers support sony hardware better than Xbox. The latest Mortal Kombat game is not getting an xbox release in europe, state of emergency 2 was dropped mid development for xbox, they lost exclusivity on both splinter cell and soul calibre franchises. the Oddworld series that was successfull on on PS1, made the programming house go bust when it tied itself to xbox, despite two cracking games in the series.
i dont have an agenda here, I own and play both xbox and PS2, they are great, but the Playstation brand is better established and has better choice of games.
xbox360 will end up principly catering for the online game community- it is a game spec PC for 1/3rd of the price. I dont like online games- strategy, squad based shooters, all that sort of stuff is just my idea of hell.
i will take a PS3, a copy of tekken 6, 4 real life friends in a room, and a case of beer, over trading insults with a 14 year old stranger over a headset anyday