Can PS3 survive to the N64 situation?

[Usul]

I had a N64 and the situation is not similar at all. One of the problems of the N64 was its limited storage system and the small and poor 3rd party support. Almost all 3rd party titles are on both 360 and PS3. And also 360 exclusives like Eternal Sonata or Bioshock made their way to the PS3. There also rumors about Mass Effect. PS3 will have the best library out there.