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The 360 has gained too much momentum in NA for PS3 to ever catch up.  It's possible it may even outsell it in the holidays this year, which would make it pretty much impossible to catch up.  I think the HD console market will become saturated, slowing the PS3 down enough to keep it from ever overtaking the 360.

@TWRoO: Wow, expected Wii sales for America is ~65mil?  That sounds like too much... more than 1 Wii for every 5 person I believe?  I'd think it would hit saturation point and slow down quicker - something like what happened with the DS in Japan, especially considering one Wii can serve a whole family.  America is only more frontloaded, and Others should take it over due to more potential buyers.  Perhaps I'm missing something?