lol console! I rofl at them all :) you should drop console gaming and get a good PC that will not give you these rings of death like both the xbox and ps3.
I would recommend building your own PC gaming rige, as they are much more stable, you can do more on them and you can change/ upgrade parts as and when you want. Plus if you think about it you can build a more powerful PC for around £500 and thats with the intel i7 and 6GB RAM :)
Sorry if this is not the kind of reply you are after but its just a much better option in every way to build a custom gaming PC then buy any console (also you can get controlers for the PC which are just like each consoles controler now)