Quote Originally Posted by Omecle
(what Im told is even better than Xbox's)

Based on the current PS3 specs (which are not necessarily official), the Xbox 360 outperforms the PS3 in floating point operations, 4 times as much. However, the PS3 has a better storage medium as well as an nVidia GPU (Yay!! Sony actually got a good graphics card company to do their GPU instead of making a crappy one on their own) so the PS3 certainly stands up to any competition.

EDIT: Based on the latest Eł release, the PS3 performs total of over 2TFLOPs, so it takes the lead.