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1. Shock

2. Disapointment and hope that a company like Microsoft can spend their money to help ease the transition -> Take your PS3 into gamestop and recieve an Xbox 360 Arcade for free + ports of all your games on the Xbox 360 for a small quantity of $$$

3. No lasting impact, the industry will take the shock and move on... People hardly remember Sega as a console manufacturer now so 5 years later people will hardly remember Sony as one either.



Tease.