I have both and prefer none as I just like to play any game as best as possible. Well ok, I don't have Xbox360 and Wii, but all Sony consoles and a quite fast PC. The reason why I don't own the two is simply space. I don't have any space to put them . And actually I don't have the time, I still have to finish a lot of PS2/PS3 games and some games for PC.

I like PCSX2 very much as playing with my PS2 on a 24" TFT is just horrible for my eyes. For PAL games I can use the PS3 but the NTSC ones only run in PCSX2 but luckily they are mostly RPGs and run quite good on my rig as you can see in my benchmark thread .

So if I want something I just get it. Like I bought a gamecube 3 years ago only to play the exclusive RE games as I am a big fan of Resident Evil. Ever since I played both games several times the cube is in the cupboard but only because the pad is the worst thing I have ever used...

Wish all the PS3 titles came out on the Pc, i'd be happy for like a month. Amoured core, mgs, grand trusimo(i cannot spell)

PC mainly because of being able to use advanced quality features like custom AA and AF to my liking, ease of modding and stuff. But I love consoles too. If you have the console needed to play a game, you don't have to worry about your PC being underpowered .

Playing on the emulator because you can play games from any region also if you can configure it right its basically perfect

yes region-free is just great. This is what I hate about my PS3 as it is region-locked for PS2 games
At least Sony learned and PS3 games a re region-free.

PC.just like icemann said(vote).well, both have plus and minus.so it depend on user/gamer.