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Griffin said:
"Why do we continue to assume that the PS3 will just rocket off with amazing sales at some point in the very near future?"

In the near future no, in the future yes. Sony still has none of its big games out. once they start to come out the fun will start, the price is here but the games are late for the party :(

The exact same thing could have been said about the Gamecube as we approached Q4 2002 ...

Nintendo (as a developer) has always produced some of the best (and best selling) games of every generation, but these great games didn't motivate people to rush ot and buy Nintendo's consoles. The Gamecube spent its entire life in a very affordable price range, and was always less expensive than its competition, yet people refused to buy a $99 Gamecube that came bundled with Super Smash Bros. when games like Resident Evil 4 were released.