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It's not a question of if it will or not, anyone who looks at the numbers rather than at which console they prefer will tell you this

It has been gaining market share frequently, even in weeks where it has no big releases. Even last week, when the 360 was loving 214% higher than normal sales due to a price cut in all regions

It will happen in 09

If I had to be brave, I would say it will happen in the middle third of 09 (ie May-August)