Since the PS3 has much more strength in Japan (compared to the 360 anyways) it's almost a given that it will lead to the PS3's WW total surpassing the 360's eventually. I can't see it happening until 2009 at the earliest though because I think the gap is going to actually start increasing again with the 360 outselling the PS3 in North America in 2007 starting from the third week in August.
I think it'll be outselling it to such an extent that the PS3's sales over the 360 in Japan and it's slight sales over it in Europe won't be able to cover what it's losing in North America. So starting sometime in 2008 the PS3 will not only have to outsell the 360 but will likely have to outsell it by an additional 7-8 million consoles to catch up.
This is all assuming that the PS3 doesn't fall into the console trap of poor sales/poor third party support. Considering the engines by Epic and id though that it probably unlikely to happen since it can hang onto the PC/360's coat-tails while it's userbase grows.
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