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I hate to say it but I agree with Killzone3 that this is actually more damaging to the XBox 360 than the PS3 ...

Microsoft had the opportunity to have Halo 3 and Grand Theft Auto 4 increasing the demand for the XBox 360 through the holiday season; there are a lot of people who normally wouldn't be interested in the XBox 360 who might have picked one up (or asked for one for christmas) simply because it has Halo 3 and Grand Theft Auto 4 being released for it. By the time Grand Theft Auto 4 is released the hype from Halo 3 will have died down and people will be looking at the 'Next Big Game' which may or may not be on the XBox 360. 

This hurts Sony a lot too because durring the Holiday season (one of the few times of the year when a $500 purchase is easily made) they have no established 5 Million+ selling franchise game being released on their platform. This means that the holiday sales ranking could end up being:

  1. Nintendo DS
  2. Nintendo Wii
  3. PSP
  4. XBox 360 
  5. PS2
  6. Gameboy Advance
  7. PS3

(Please note, I could easily see each system moving up or down 1 (maybe 2) spots)

Publishers will really not like it that the PS3 is the worst selling of the "Living" platforms and (potentially) dead platforms outsold it.