http://www.anandtech.com/showdoc.html?i=1566&p=1

Finally, a real world comparison!

“Both the GameCube and Xbox are clearly superior to the PS2 in terms of the quality of the graphics seen in games available today. The transition from PS2 to GameCube and/or Xbox is a fairly large leap, but going between GameCube and Xbox is a bit less dramatic.”

from page 14.

It's a great but lengthy read.

You're not trying to put down the PS2 are you?

Not at all.. I just never play it… too rich for my blood

IMHO PS2 is and always was way over priced… well, maybe not when it first came out, but it should go down. It's not the top of the line anymore and the DVD player in it is a crappy one… I'd rather pay 200 for a PS2 and get my own DVD player for a hundred bucks… but the PS2 does have some cool graphics… it's just, well, it's not new anymore so it's no fun for us “cutting-edge LOOK, IT'S SHINY” kinda guys…