ConclusionTaking all factors into account, the Xbox360 has the most titles and the best support available, but it’s also the least stable option. The PS3 has a moderate amount of titles, but thanks to Blu-ray support and stable hardware, it's a solid accompaniment to any High Definition setup. So if you own an HDTV and a killer sound system (or plan on buying one), we recommend you weigh out the odds and see which one you prefer – the Xbox360 or the PlayStation 3. Personally, I would go for the PlayStation 3 until the next generation of Xbox360 units (with more stable hardware) hits the market.
If you don’t own an HDTV, or if you’re a sucker for innovative gameplay and don’t care much about visuals, the Wii is a good buy. Games on the Wii appeal to people of all ages, since they’re innovative and most importantly easy to pick up (well at least most of them are). The only problem is that it isn’t available here officially, and I abhor the gray market; so personally I’d never buy one for myself.
For those who like gaming on the go, there’s a whole segment of handheld consoles that I’m not very familiar with. Thankfully, Gagan’s an expert on them since he’s owned (and probably dated) every handheld console in existence since the GameBoy. So if you’re looking to buy a handheld, he’s your man...
Handheld Consoles
Handheld gaming consoles have a very limited audience in India, with most people using that term for mobile gaming. But nothing on mobiles comes remotely close to the quality and the playability of the games on a handheld console. Considering that just about every one of us, whether in big cities or small towns, spends a considerable amount of our day commuting, handheld gaming consoles could turn out to be the best traveling companions.
The Contenders
PlayStation Portable (PSP)
Definitely the most popular handheld console in India, the PSP’s biggest USP is that not only does it have the best-looking games, but it also works pretty well as a portable media player.
Nintendo DS Lite
Currently the best selling portable gaming console in the world, the DS has not been officially launched in India, but has still made a significant presence in the gray market and toy stores in all major Indian cities.
Gameboy Advance Micro (GBA)
The third and final redesign of Nintendo’s highest selling gaming console ever is still alive and kicking.
hmmm.. come to the point dude, my pick is ps3 b,cause mgs4 the best ever exclusive out there n the wii is just a gimmick u just hav to stick wit a short guy jumping around galaxies n stuckin toilet cleaners in rabbit heads :D n only reson to buy a 360 is gears n upcoming gears2 n live consist of stupid lag n that is not supposed to be next gen way of multiplayer gaming were as ps3 completly lag free so no bullet lag so buyers please buy ps3 atleast for mgs4. 
