PS* will be king for a long while. Christ, they still make games for the PS1 and that thing is like 7 years old.
As for hardware, yes, the xbox is on top. But look who is making the thing. All it is is a mini computer. Though hardware is its best point, Microsoft doesn't know shit about games. All they can do is buy delevopment companies that are making good games. They wouldn't have their system seller Halo if they didn't buy Bungie. All the money in the world and best hardware doesn't produce good games. There is a reason Rockstar puts Grand Theft Auto on PS2 before any other system.
And another thing, all this "Halo is the best game ever! 4 player multiplayer is teh best!" What shit. If you enjoy playing FPS muliplayer games, get a computer people. A mouse, keyboard and 19" monitor beats that hunky controller and 4 split screen windows ANY day