E3 will be the official reveal and announcement of Gran Turismo 7.. Coming out this year.. Book it!

Sony definitely need a next gen GT badly. GT is a very european friendly game. 

Both the PS3 and the Wii had the majorly critically recieved exclusives compared to the Xbox 360 last gen. I don't get the point of the argument. It exposed just how dependent upon this party Microsoft truly was even for exclusives. Now that Microsoft bought Gears of War and unveiled Killer Instinct those stars have slightly changed. Microsoft might not be able to outdevelop Sony and Nintendo naturally, but they can buy out properties and shell out cash for their development. Now everyone are practically beggining Microsoft to bring back old Rare titles because of how successful KI has been. The initiative this generation has been pretty successful towards using outside third party to develop Rare brand classics.

Nintendo and Sony both offer something different. Sony offers to a crowd that Nintendo will not even try to reach without third party intervention and Nintendo reaches an audience Sony has tried to crack but has failed to. In that light they balance each other out. Where Microsoft fits into the equation is that they have the shooters no one can touch like Halo and Gears. For the FGC, they also have Killer Instinct now. 

This is getting off topic, but the Playstation would've passed the 100 Million console mark much sooner had they not launched with such a high price forcing people to buy 360's. Sony is a very dominant brand and on a world scale they are synonymous with videogames on a level that even Nintendo and Microsoft were never able to crack.

Think of it like this. At its lowest...the Playstations sales are pretty much nearly more than Nintendos second highest and equivalent with Microsofts highest selling console. That leaves one with much to think about.

The funny thing is that every year even the mass media takes note of things that happened at E3. There is no gaming expo larger than E3 for consoles. E3 is like the Superbowl of expos where the major reveals are saved. Even the Microsofts brand has been preparing for E3 long ago in anticipation even though they've been to other smaller conferences like GDC. 

The PS3 served its purpose. Sony risked its launch to save Blu Ray and now every console enjoys it thanks to Sony saving it. Eventually Nintendo had to cave as well.

And how much online infastructure nintendo has built to spread their eco system?

Wii U doesn't use Blu-Ray, it uses a proprietary 25GB optical disc.

Just read up on it. Yeah you're right. They are using a similar technology that holds less that Panasonic made. Makes sense, Nintendo was always paranoid about piracy.

sony just needs to announce GT7 coming out december this year and BOOM