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I can't say any console disappoints, because aside from a few notable games, what else can we really expect? Did anyone honestly believe DVD's were going to be "outdated" in 2008, 5 years ago? or did anyone foresee Resistance and Gears of War? What about the importance of HDD and online play? seeing as how neither was huge last gen, we surely couldn't have expected them to be important this gen.

In terms of sales though:
360 exceeds expectation, because it'll outsell the original xbox by a far margin and continue to increase MS market share.

PS3 is well below expectations, as it couldn't continue the momentum the PS1 and PS2 had over the last decade and a bit. Not saying it's a failure or anything, but purely from a Playstation perspective, it is a relative failure to the extremely high bar that the last 2 consoles set. Obviously subject to change, but does anyone honestly believe PS3 will hit 100 million this gen? (this gen being as long as 360 and Wii remain the flagship consoles for their respective companies) let alone the 120+ million that the PS2 achieved