The PS3's biggest problem in Europe is going to be its price. European countries range from a little below the US and Japan in disposable income to a lot below the US and Japan while the PS3 is much more expensive than the PS2. An average US worker would have to work around 4-5 days to buy a PS3 but an average UK/German worker 8-9 days and a Portugese/Greek worker would have to do 14-15 days of work to buy a PS3. That's going to limit the potential market in continental Europe to a lot less than the PS2 (who at launch had workdays required to buy of roughly US-3, UK-6, Port.-9).