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People are trying to have a logical debate over this. One liners and stupid videos are not helping. It's obvious your an X Box fanboy, if you have something to add to discussion, go ahead.
I just think it's hard to truly discuss things because who knows what PS3's REAL specs are? They've already gone down a lot, and very few websites actually have what is their currently known specs, nevermind real specs.
Power-wise; this is a fact, as verified by multiple developers. They are in the same ball-park. You will not be able to tell the difference in graphics, until late into the console's lifespan, when developers figure out the PS3's hardware. Until that time, the 360 will be better, because it isn't a pain in the ___ to develop for.