XBOX
Why?
Mod it with a larger hdd
Stick all his games on it, store them, and they will never get scratched again. Think of the money you will save doing this and not seeing your hard earned money on that $50 disk get ruined. Lets face it hes 10 years old like my son and as much as you yell at him for leaving his disks out, take them away, or what ever they will still get ruined by a 10 year old.
Granted you will never be able to go on live BUT look at the other advantages:
You can record all of your sons shows and stick them on a dvd as a video cd and play them on his xbox. Hell you can stick that on his hdd as well if you wanted. In video cd format you can put alot of your sons kids shows on 1 dvd and he wll be able to watch it all day long with out havingto swap it out.
If all the games are on the hdd and you by one with a thompson drive and it goes out you will still be able to play your games because they are on the hdd and if you ftp the xbox you really wont ever need the drive again.
DVD playback with out having to buy the add on stuff so less stuff to break or loose.
You can place your sons entire cd collection onto his hdd and play it right off it with the built in media player (same as what you have on your computer)
And lets face it the graphics are just so much better then the playstaion so you will want to play it as well.
The only thing the playstaion has going for it is that games are a plenty and in some cases cheaper but could never do what you can do with a modded xbox.
Again this is my opinion and plan on doing it for my son when I have the funds because I am sick of throwing away computer pc games.
Hope this helped
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