No, the PS3 only comes with normal VGA connections. No HD capability, out of the box. That shouldn't drive your decision, HDMI/component cables are cheap. Just look at future release dates and decide which you think will fit your needs better. Both are pretty good as far as graphics.
With the BD capability of the PS3 out of the box, I'd give the video/movie capability to it, off the bat. However, 360 is much better gaming and online capability wise right now and by far.
I also believe price cuts on the 360 are coming pretty soon, but can't prove it just yet.