Yes, there's way too much overreaction in this thread (and on the Internet in general today). Naturally price cuts help out hardware, but only temporarily. The thing that really pushes hardware is popular software that peope really want to play. (It's all about the games... it's always about the games, folks.) Since Gran Turismo is looking questionable for a 2009 release, and Final Fantasy won't release outside Japan until next year, Sony isn't going to have a real killer game this holiday season. Yes, Uncharted is a nice game. No, it's not a 5m+ bigtime seller. And the 360 and PS3 will continue to share 90% of the same software library, and the 360 will still be cheaper in terms of entry price.
So... I expect 360 and PS3 to sell about the same, probably within 20% of one another either way. Could be wrong, but so long as both platforms are getting Modern Warfare, Assassin's Creed, and a million third-party sports games together, I can't see either one ever breaking away and "crushing" the other.
Oh, and what's a "hiliday" season?
End of 2008 totals: Wii 42m, 360 24m, PS3 18.5m (made Jan. 4, 2008)
