I have both the PS3 (60gb) and the Xb360 Elite, and i must say i play more on my 360. Thats not because i dont like my PS3, i do, i love it. The games just aren't here yet, but they will be trust me,with games like Little Big Planet, Resistance 2 coming and older ones like Uncharted & MGS4, it certainly has some great titles. This bundle is fantastic, you'll get one of the biggest games sony has seen for years and the biggest hard drive version of the PS3 that the UK Market has seen. Please be aware though that this model will NOT play PS2 titles.
The blu ray player is one of the best ones on the market, depending whether you'll be connected to the internet using its free online services, because it is constantly updated with downloads from sony.
It has wireless built in and each pad you purchase has rechargeable packs built in, which is an advantage over the 360.
Fantastic Console 5/5