I got a PS2. I'm very happy about it. Honestly, I think X-box graphics are much better than PS2. Sport games are better on X-Box also, but I love the games they have on PS2 also.
I've been playing Metal Gear Solid 3 lately, and it's amazing. Honestly, the cinematics beat anything I've ever seen on X-box. To me though, most of the games on X-Box that I do like, have come out on PC, and I've played them, so it doesn't leave me much for X-box expect for sport games.
I'll put PC and it's games in front of any console. You can't beat World of Warcraft, HL2, CS:Source and great shooters like that. Consoles are not made for shooters, shit feels wrong on a controller (expect for maybe Halo lol)
If I had to compare X-Box and PS2. I say them come pretty close. If I had the means I'd get an X-Box so I could have best of both worlds. Halo is prehaps the best and only good shooter for console and keep in mind that Halo was suppost to be released of PC FIRST. Not any console.
Anyways, Im out, I've got a long sniper fight to do in Metal Gear Solid 3 now.
Peace.
edit: if Sega was still alive making consoles. It would fuck up anything. They just got screwed over with Dreamcast. and you cxan't deny that dreamcast was the bomb! (best fight games ever) I've been a Sega head since the first Sega Master.