From a pure hardware standpoint, Dallas Morning News thinks the PS3 is now a better deal than the Xbox 360 Premium.
The larger hard drive, the built-in wireless adapter and the Blu-ray movie player are simply a phenomenal deal for a mere 50 bucks extra.
While Sony made a marketing mistake by hyping backwards compatibility when the PS3 first launched, only to kill the feature with the new unit, they suspect most gamers who buy a new console aren't actually using it to play old PS2 games. So they doubt the feature will be missed much.
But if you're deliberating whether to get a 360 or a PS3, the decision isn't that clear cut.