Okay, I have experience with all the systems that are out. Wii, 360 and PS3. It is correct that the 360 does fail. If you do choose to go that route, get an 'elite' edition. They are far better than anything else unless you get a new Arcade version. Problem with the Arcade is that it does not come with a hard drive. But it is what is known as a Jasper and because of this and all new editions of the Elite in stores are Jaspers too, they are built better and do not have the Red Ring issue. The PS3 is great and better in the long run at the moment since it is free online play, BluRay movies and all the such. But since you are thinking of your kids and on a tight budget, I would have to suggest the Wii. There are a heap of games out there fun for single player and for group/family. It is also the cheapest one of the lot.
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