The next iteration of the Xbox needs to materialize soon.
The PS3, flawed gaming system that it is, is currently the cheapest and most versatile blu-ray player you can find. Then there's the Wii, which for all its shortcomings, is a fun little novelty and still offers a very usable and (for the Wii) sophisticated web browser.
Now that HD-DVD has been officially pronounced dead and the Xbox 360 still lacks a worthwhile internet browser, the 360 finds itself behind the pack in everything but gaming. For a console that was touted as being the home's all-in-one entertainment center, it's disappointing to find it becoming anything but.
As a sidenote: Third party applications such as MCEBrowser that are available for use on the 360 make internet browsing possible, just not practical. Frustrating to use at best, it's a poor substitute for functionality that should have been included from the start in a console distributed by the makers of the world's most popular internet browser.