[quote name='Puppy']All this talk of 1080p makes me sad though, because is just bought a 720p set, and don't have the money for a good 1080p one. So I'm hoping 720p is the standard resolution!
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Don't be sad, as long as you got an ok deal on it it may be one of the smarter purchases you've made so far. 1080p is more marketing than results and your movies and games will still look insanely good at 720p. Before anyone gets all pissy, yes, 1080p is better than 720p, but you need a number of factors to line up in order to enjoy it - including but not limited to good source material at the correct aspect ratio and a large TV (at
least 46" unless you're right near the TV while watching).
The noticeable difference between 720p and 1080p is nowhere near as large as the difference between standard def and 720p. In fact, due to all the problems with 1080p-native TVs I've purchased/exchanged over the past month, I'm strongly considering saving myself the headache/hassle/money and just going with a nice 720p! By the time people are really taking advantage of 1080p for games (won't be in this console generation), 1080p TVs will be much more affordable.
As far as the difference between the PS3 and 360's 1080p...well, on the surface 1080p is 1080p. However, There is a lot of information unknown/unresolved on what the 360's 1080p is doing (check out avsforum.com in the XBox area under "XBox 360 true 1080p?" thread. The PS3's will probably be your industry standard 1080p (since it uses HDMI) and there should be no problems or issues at all. So in that respect, advantage to the PS3. That said, if you're in the market for movies (meaning Blu-Ray for PS3 or HD-DVD for the 360), HD-DVDs have generally produced a higher quality picture so far.
The PS3 already has announced 1080p games, it remains to be seen how that will effect the graphics. Some people stick by 720p being the better choice as it lets you get better looking textures in there with less of a performance hit. It'll probably be close either way. Right now, in most cases when a user has 1080p selected on the 360, it just upscales the 720p signal. However, for completeness sake, the 360 DOES have the capability to output at a native 1080p just like the PS3, but no developers have released a game that is native 1080p.
No issue here is really a deal breaker. Both games and movies will look very close, and only the nitpickers will really gripe about it (nothing wrong with that though, I'm pretty fussy with that kind of stuff myself). For most people though, just go with whatever console has the games you want. The video format war is a wash right now since it's too early to tell what will happen.