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mrstickball said:
Actual comparison:

Current generation is 2 years and 10 months into the lifecycle of hardware (November 2005)

To get a similar number for previous-gen hardware, you'd have to back up the time machine to late December 2002.

VGC gives us the following data for the year ending 2002:

Playstation 2: 42,595,000
Xbox: 7,237,000
GameCube: 7,080,000

Total LTD Base: 56,912,000 Hardware Units.

Now compare to a similar time in 2008:

Wii: 32,550,000
X360: 20,940,000
Playstation 3: 15,580,000

Total LTD Base: 69,070,000 Hardware Units.

You forgot about the Dreamcast.