Reasonable on 12 November 2008
I don't think you're being realistic - at least in choice of words.
PS3 spent fist half or more of year catching up on 360.
360 grew too but not enough to be exciting and was essentially being outsold WW despite having same games plus more exclusives and lower price
MS responded in the only way they could and dropped price (as until then I'd argue Sony was hurting MS more than the other way around)
360 has pulled some ground back but I think YTD PS3 has still improved more than 360 - and until we get to January/February we won't know how 2008 in full played out.
So I don't agree 360 made PS3 flop yet although MS have made the right moves to fight back.
Try to be reasonable... its easier than you think...
