Seems to be a lot of denial of the business reality here, with a few notable exceptions. Sony is in a terrible position now, their short term future is very bleak indeed. The whole company is at serious risk, and they will need to make some drastic changes to remain a relevant player. Being a big company does not make one immune to reality. MS has huge cash reserves and can sail through a short term recession with no trouble, and the same goes for Nintendo. Not so for Sony. They have already had to sell assets, and they will have to do so again, which will leave them weaker.
The situation is not entirely different from Apple vs. PC-makers: Apple has huge cash reserves thanks to their higher margins, while the PC manufacturers have for years operated on razor thin margins and huge volume. Apple plans to be aggressive during the recession and invest more on R&D, giving them an advantage coming out of the recession. I wouldn't be surprised if that's what Nintendo and MS are planning on doing as well.
You may not like it, but your liking has nothing to do with it: Sony is in trouble. And when facing such serious problems, past glory means nothing. All the PS2 sold don't mean a thing now when the PS3 is considered. Of course, we do not know the internal cost structures of all the different products Sony makes, and that being the case we can't say what products will face the axe and which will not, but the truth is that PS3 is not looking too hot as a business.
