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not sure if it really sells 1 million first week, but i guess its possible. lbp is definitely going to be bigger in continental europe, i have seen articles about lbp in regular newspapers, on webpages of online newspapers even in the free magazines that you get in the cinemas there was coverage about lbp (and all these articles looked very positive at it), while fable 2 was only present in gaming related magazines.

back to topic if fable will move hardware, i doubt that we will see a big hardware spike but i guess xbox sales will be a bit higher for a short time.