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both PS3 and the 360 UPSCALE to 1080P. neither are running true 1080P resolution.
Yes both do upscale to 1080p and they both have games that do run 1080p native resolution (mainly PSN or XBLA but there are some retail games that do).
Cris, just buy all 3 and be done with it. I plan on purchasing my PS3 this Xmas and a used Xbox360 sometime during Chinese new year
hahaa... man, wish i had that kinna cash flow... i get 1 thats for sure. there are still other things that i want.... like uhh, getting my car out the shop