I do beleive Sony overships the PS3 console by a million units or so, but the main reason why the difference between the units shipped for 360 is only 3 million more then the PS3 is because Microsoft recently made the 360S, and in shipping fewer 120G models. This is because most people want a new 360S, and the issue is Microsoft is selling every unit on the shelf. They cannot produce as many 360S as consumers demand.
So give it a few months, Microsoft probably wants to overship their 360S's by the fall in order for retailers to have enough inventory for the holidays. For now, it just released a new model, and is having troubles producing as many units as consumers demand. I hear, 360S are still selling out in North America, and obviously Europe.
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