I think the language for the games is different so I don't see how you could possibly get that to work unless Sony and Microsoft were to merge and that would be a disaster.
I find the 360 to be superior to the PS3, but that's just me.
Both have their pros and cons. I switched from a 360 to ps3 in May and love it. Would never go back. I miss playing with all my buddies, but the exclusives on ps3 are so much better (for me) on ps3 and I love not paying for online.