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Even 60-70 million is too high for the 360. This is its 3rd year and it's currently at 27 million. 2008 will most likely be its strongest year, and a successor will be released in 2011 at the latest.

People really need to stop comparing the 360 to the PS2. The PS2 peaked later and had better legs because it appealed to all demographics whereas the 360 appeals mostly to core and hardcore gamers. The PS2 continued to sell because there were simply more people who wanted it. A lot more people. the same can be seen with software sales. Games that appeal to all demographics such Mario Kart, Mario Galaxy, Brawl, etc, continue to have strong sales for years whereas hardcore games like Halo, Gears Of War, GTA, and MGS sell 70-90% of their lifetime sales within the first few months of release.

 

Consoles owned: Saturn, Dreamcast, PS1, PS2, PSP, DS, PS3