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Never.

PS3 is retreating upmarket, focusing on short-term profitability.   It will always have the price disadvantage.

360 is focusing on the mainstream, looking for the next "Twister", rumors of a new controller, and learning a lesson from Wii Fit. 

Just focusing on current numbers, PS3 would take over in 2011.  But I believe business strategy is a better predictor of success, so the company who is best at copying Nintendo will secure 2nd place.  That company is Microsoft.



PC + Wii owners unite.  Our last-gen dying platforms have access to nearly every 90+ rated game this gen.  Building a PC that visually outperforms PS360 is cheap and easy.    Oct 7th 2010 predictions (made Dec 17th '08)
PC: 10^9
Wii: 10^8