My first PS3 was going on 4 years till a lightning bolt hit my apartment. Hell even after that it still worked but the wifi, Hdmi and Ethernet ports were fried and it could sync a controller to it. So I sold it for $100. Got a new PS3 for Christmas. But yeah not many 360's last more than a year. In the 4 years I had my PS3, one friend went through 2 360's in the matter of months. And another friend went through 4 used 360's in 2 weeks.

All that plus free PSN and Blu-Ray, I'll take a PS3 over a 360 any day.