To be honest... I don't mind the 360, I think it'd be a great console to have, and I have no major qualms with Microsoft either (other than the fact they are encroaching on Nintendo's territory). I would rather get a 360 than a PS3 out of principal, after what Sony did to Lik Sang, even though I was not a customer it is still an inexcusible atrocity, and I don't believe I could bring myself to support a company who committed such a dastardly act.
In closing... I'd probably get a 360 when the prices drop, even though there's maybe two games I want to get (namely Unreal Tournament 2007 and Resident Evil 5 )