Thanks for all the input, I guess I would just like to experience console gaming, and $150 is great for someone who won't invest to much time or money into it.
Basically I don't want to play any third or first person shooters and games already on the PC.
Here are some games I want to play:
Darksiders (coming to PC)
Dead Rising 3 (coming to PC?)
Shadow Complex
God of War
Bayonetta
Ridge Racer
Mad Nation Racers
Project Gotham Racing
Deathspank
Ninja Gaiden
Any action rpgs, or top down/side scrolling shooters.
I don't care about blu-ray since we do HD media streaming, I may consider using live but I can live without it.
What do you guys think?
A couple of things since you provide more info. Blu-Ray is widely accepted as being superior to HD streaming for movies. Not only is the video 1080P instead of the frequently streamed 720P, it is often video stored with FAR less compression than streams, so better quality is there.
Even more noticeable however is the uncompressed HD audio that you can not get with streams. Any decent movie with action audio or quality music is significantly better uncompressed than anything offered with streaming. You need to be connected via HDMI for this however. Lastly, it's a longshot to mention this but 3D Blu ray movies are coming via a free patch to the PS3 this year. I doubt you have the required 3D set for it (I don't either), but I'll mention it if that was something you would look into down the road.
Back to the games. If you say you are solid on your PC for certain titles, then you really need to get the PS3 as your console. I recommended the X360 above, but didn't know you game'd on your PC.
There are a lot more titles shared in common on the 360 and PC than with the PS3 and PC. Plus the PS3 has almost 150 console exclusive titles already released (Blu-ray and PSN), with more on the way. You would likely have the best mix of options with the PS3/PC combo.
Also, besides the $50 a year XBL Gold subscription you'll need inn order to play those online titles you listed, you look as if you'll need a hard drive if you dload X360 games online (Deathspank (it's on PS3 too), Shadow Complex, etc.). That'll cost a grip since you can't buy off the shelf hard drives for the Arcade X360 like you can for the PS3. Either that or you just bite the bullet and get the expensive X360 with a hard drive built in, which is what you wanted to avoid to begin with.
You can see the obvious - the Arcade 360's price looks cheap, but it's because they've gutted out hardware and online options many gamers end up buying separately. Ultimately the costs are close to the same for both fully featured consoles, except one doesn't play Blu ray movies and the other doesn't come with a mic or $5 HDMI cable.