I would.
£279 or whatever you can pick up the PS3 for is nothing, it is cheap for the kit you're getting. Remember, £279 in todays money is the equalivant of what? £200 in 1995? when the PS1 was first out. I seem to remember paying £300 for it.
Sure the 360 is cheaper but......It's "cheaper" and you really do get what you pay for !
Just wish PS3 had Left 4 Dead, damm you Gabe Newell.
Gates because I suspect he's Gabe's bestest buddy