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I think it will be a moderate success.

 

The price of PS3 is too high to attract LBP's target market.  It will be purchased only by fanboys, but that's more than enough to make a profit.



PC + Wii owners unite.  Our last-gen dying platforms have access to nearly every 90+ rated game this gen.  Building a PC that visually outperforms PS360 is cheap and easy.    Oct 7th 2010 predictions (made Dec 17th '08)
PC: 10^9
Wii: 10^8