Actually, I think the opposite is true.
To be fair, 360 has new IPs with Crackdown, Lost Planet, Gears of War, Dead Rising, and even Viva Pinata; with Mass Effect, Blue Dragon, and Bioshock upcoming. PS3 has Resistance, Motorstorm, and upcoming Heavenly Sword, Lair. Wii has WiiSports...and I'm not sure what else at this time but I'm sure there's others.
Good times!
Gears of War is set to be a trilogy.
Otherwise, I still think even the 360 is too expensive, so I guess I'll have to wait a while for both of them to drop.