i think it is time to take the hardware failure rate out of the 360 cons sense the jasper mobo(one before the slim) the 360 has been just as reliable as the ps3 if not more, you dont here people listing dead lasers on the list of ps3 cons as it was taken care of(yes they still happen but not as often) also the pros for each are more to your taste
oh and sony didnt just sue geohot they sued graf also who is a far better dec then geohot
only cons the 360 has are more on how you look at it
like bluray if you have a bluray player then it doesnt mater(like me i have one in my pc and a set top one)
paying for online again the service is far better then psn so its a moot point(price for a year goes from 35-60 if you know were to look u never pay more then 40)
not being able to use your own hdd, if you know what you are doing you can use your own.
the new dash is ugly(more me hating it then anything)
sony have become scumbags and are know for removing features
the online is meh can be very laggy(you get what you pay for)
loading time can be high on games(most games have a mandatory some times optional hard drive install to help the loading time)
netflix doesnt have as many hd videos as the 360 does(kind of a moot point)
no hacks on new fws you have to solder to the mobo to downgrade to be able to use cfw and then you loose the ability to play online and play new games
if you are looking to just play pirated games then you want to get a 360, ether one with a flashed disc drive or a rgh/jtag, with the rgh and jtag you can not get online but you are able to play any 360 including xbox live arcade games and dlc, if you get a rgh 360 you can get one with a dual nand set up and still get online but can only play your pirated games on the offline(hacked nand) with a flashed drive you can get online and play your pirated but it only allows for retail games to be pirated. you do risk the chance of getting banned from xbl but if you are not stupid(playing games before they come out, playing games after an update with out conformation).