OK, here is the dilemma I am facing: which to buy, an Xbox 360 or PlayStation 3?

Currently we are a PS2 household, also have a PSP, with a library of 75 or so games I guess. Mainly used by myself and my 8 year old son/6 year old daughter and their friends.

I'm looking to upgrade for all the usual reasons, not least 'just because' but also specifically to take advantage of hooking the console up to an HD LCD TV.

Despite the existing archive of PS2 games, I am veering towards the Xbox 360, like the fact that it's available now (PS3 doesn't launch until March in the UK) has easy connectivity for iPod/PSP, makes it easy to stream media from the laptop, has good HDTV connectivity, etc. Also, it is much cheaper than the PS3 will be, and I am not too concerned about the Blu-Ray aspe ct of the PS3 over HD-DVD.

But is there anything else I should take into account? And in my position, what would you do?

The Nintendo Wii isn't really on the radar here as far as our next console is concerned, so no point trying to convince me I should be looking in that direction.