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Sony gambled and I think it paid off.

If they would have released the system early it would have had hardware issues like the 360, and probobly no blu ray drive.

The Wii appeals to casual and younger players, so they still would have lost that market.

I think Sony learned alot this generation about the importance of PRICE, LAUNCH GAMES, PSN, and RUMBLE. They also won the HD format war, which will help them with the next generation of consoles.