Ok that's Oblivion (which has the new expansion tacked on with more than 50 more addition hours of gameplay), F.E.A.R., Armored Core is exclusive for the time being, and Spiderman 4.
The only 2 with 2008 release dates are FFXIII and GT5 (which should be early in 2008, originally they were both scheduled for December).
The list is still hefty for 2007 even with the removals. I'm not saying they will close the gap, but if you look at both lists at IGN Sony has more. And Sony has more with confirmed dates too.
*If* Microsoft lowers their price so will Sony. That's a given as Sony won't even try to test the waters being almost 300 dollars more expensive. I don't see them opening a gap, I see it staying about even. They might be able to open it by 500,000 consoles but I don't think anymore than that.
SCEA is the third lagest game studio in the world, there for they will always have more first party titles than M$ or Nintendo. They are only behind EA and Ubisoft, both of which are massive.
Counting in the 2 other territories I actually see PS3 narrowing the worldwide gap with 360 this year.
Why do you think Sony is the third largest publisher in the World?
In Japan they're #7 and have sold (roughly) 7.5% as many games as Nintendo has ...
In North America they're #5 and have sold (roughly) 40% as many games as Nintendo has ...
This would mean that they would have had to sell 46 MILLION
more copies of games in Europe in order to match Nintendo's sales in 2006; if Nintendo sold 0 copies of games in Europe Sony published games would have to account for more than 66% of games sold in Europe for this to happen.