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To all those who think that PS3 won't outsell 360: since October, the 360 has been owned with the exception of the immediate aftermath of a clearance price cut. I just don't see how the 360 can turn the situation around, given that:

It is half the price of the PS3 in Europe, yet it can't outsell it.
Despite having much better exclusives and a price cut it was outsold during '07 holiday season.

This year PS3 has a much better lineup, so I can only imagine it outselling the 360.