I think the 360 is pretty decent, good online service, good graphics (it does add atmosphere) a great controller and good games.
Fair enough, so far there isn't anything new as such, but that doesn't mean there won't be. Look at the Cube, that's got the same control method but has some games that felt new and fresh (Metroid Prime, Pikmin, Viewtiful Joe to name a few).
From impressions of games like Gears of War, Peferct Dark Zero (reviews) and then games to come out on it, Halo 3, Res Evil 5, it WILL have good games.