Cheap and fun, that sounds about right to me
I really want a wii, its a lot of fun, regardless of the graphics.
I have a 360 and its freakin sweet, I'm not really a gamer, i dont play it all that often unfortunately, but I do get into some halo, and i've been hitting up some ultimate aliance now and then. My problem with the ps3 is first off the price, second all the new models they have come out with that have stipped out features, and lastly the graphics issue. I see what your saying about the settings talo, but if the game doesnt allow for full 1080p, the ps3 will down grade all the way to 420p. Perhaps they have fixed this with the newer models, but the reviews i read some time ago had that as a major negative.
I also like my 360's integration with windows, I can stream audio and video straight from my desktop (although the formats are limited). and most of my buddies had 360 long before I did, so they are all on live, and its fun to kick the shit out of them at halo 3. Ok, I lie, I'm not good at halo at all, i get my ass kicked regularly.