As expected Microsoft's new Xbox 360 console is selling like hot cakes, the demand is so great, some people are commanding as much as $2000 for a premium system on ebay.

The folks at IGN have compiled 10 reasons why you should wait for the Sony PS3, so if for some reason you are on the fence or you just don't have $2k right now, check out these reasons to help ease your pain.

You could totally use these to put your friend in his places when he starts bragging about his Xbox 360 purchase...

Reason #10: Xbox 360 Doesn't Have a Killer App
Reason #9: Dual-Screen and 1080p Support
Reason #8: Hefty Expandability / Connectivity Options
Reason #7: You Can Still Pre-Order
Reason #6: Seven-Player Wireless Support
Reason #5: The HD IP Camera
Reason #4: Full Backwards Compatibility
Reason #3: Stronger Japanese Developer Support
Reason #2: Metal Gear Solid 4: Guns of the Patriots
Reason #1: The Blu-ray Player

UPDATE IGN also has 10 Reasons to buy the Xbox 360 Funny this list is more compelling

Thanks for update K