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Nintendo does not need to counter anything thus far this gen. Their only weak spot is 3rd party quality software so far and hopefully that will be realized throughout 2009.

Personally, I don't think LBP is going to be as big a hit as some people want it to be. Sure it will sell a couple million, but i don't think it will break 5, thus not putting it into the levels of Mario/Zelda/GTA, etc.