i own a 360 elite and a ps3. i bought the elite because i read that they have better insides than arcade or pro versions, still scares me anytime i use it, im waiting to see red rings at any second.
however, i did get intercoolers for both consoles, and they dont get hot at all, not even warm.
no complaints for either of my systems so far. as far as better, im going with ps3 mainly because its free to play online i dont feel i should pay another 50 a year for something im already paying monthly for. ps3's graphics and coloring look a little better as well