The PS3 Will be the number 1 selling console in Europe this gen.

[S.Peelman]

I don't think so. It's over 5 million behind. That's a lot this late in the generation. Sales are slowing for all consoles, even if the PS3's drop-off is milder than the Wii's.
360 has the best chance at overtaking Wii in any market, as it gets close in the US now. PS3 could end up in the same ballpark in the EU, but it won't overtake it.