This list is probally missing some for both consoles but here is my list.
Resistance FOM-(Single player good, online awesome)
Motorstorm-the only fun console racer in my opinion.
Heavenly Sword- great gameplay and immersive story
Folklore-a refreshing action RPG-cool semi-emo story, with great art direction
Uncharted: Drake's Fortune- Great gameplay- awesome story that resembles a hollywood film
Ratchet and Clank: FTOD- an enjoyable experience brings great platforming and gameplay with Pixar movie type graphics.
Call of Duty 4:- Great singleplayer, with a online counterpart that will keep bringing you back.
Warhawk-4 player splitscreen online/offline. Huge maps , cool weapons airplanes, ground vehicles and turrrets etc.
Unreal Tournament 3- Great online experience with awesome mods, maps and etc. Example
GTA 4: No brainer. GTA on a next gen sytem
Metal Gear Solid 4: Epic story and great gameplay.
Haze:Looks very promising 4 player offline and online co-op, nice graphics.
White Knight Chronicles: A JRPG from the makers of Dark Cloud and Jean d'arc. Sweet graphics.
Killzone 2: A very promising shooter with some of the best graphics in console shooter. If gameplay is fun then it should good because the PS2 hardware sorta restricted the first game.
LittleBigPlanet: A social online experience that looks to be very deep with customization and map making.
Getaway 3: This game always had a great story with big production values and big name voice actors. The Devs had 2 games of experience and should be capapble of making a great game.
Resistance 2: Sequel to the popular RFOM. 2 player co-op offline, 8 player co-op offline. Epic online objectives battles with up to 60 players and several soldier types .
Resident Evil 5: No brainer, a resident evil on a next gen system.
Final Fantasy XIII- JRPG with Great Story and Gameplay.
Final Fantasy versus XIII- very promising action rpg which looks just as promising as FFXIII.
God of War III- Slashing and ripping people in half with Kratos in HD? We got a winner.
Shadow of Colossus- Taking the Epic story telling of team ICO's game to the next Gen.
With most of these titles likely to spearhead Sony's Social experience , Home. It will be a great year and next.
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