360. PSP's are good when your out and about.... but your most of the time at home.. unless you work early/late hours-not that you would be playing and driving.. or at work.
Xbox 360 has fairly good graphics.. but you dont find tons of family rated games, i dont think. the best stuff is 13+ and that.
fluffkomix
360.
new PSPs you can't hack yet, and they're not really all they're cracked up to be.
also if you're not allowed to play M-rated games then save yourself the trouble and get a wii