I don't think anyone intelligent cares if a console is outselling another console...as long as their console has the games that they want to play.
I think a sega dreamcast owner was a lot happier in 2000 and 2001 than a ps2 owner. Yet ps2 sold much more...
Seing PS3 outsold like this did teach a Sony many valuable lessons...such as that bundling hardware features doesn't matter if the price isn't right and that depending on 3rd parties for your big hits is like depending on a hooker to stay with you even when the money is gone.
But despite all this PS3 is still a viable console today and will get its time to shine...late 2009/early 2010 in my opinion.
Ill get one again when price is right.