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radha said:

Ok, i no longer see light at the end of the tunnel, the ps3 wont catch momentum without a price cut and there appears to be no price cut, so i think eventually third parties wont make more games for it. I can only have one console since is hard to convice my wife of spending more money in gaming. Should i sell when there is still time????

am i been paranoid? 

Why are you basing your console ownership based upon how well it sells?  Isn't there stuff coming out on the PS3 you want to play?  Does the 360 interest you more and its exclusives?  if you are unhappy, get rid of it, assuming it is the 40 or 80 GB.  If it is the 60GB hold onto it.  No sense in booting out backwards compatibility.

Anyhow, if you don't like what is coming out, dump it.  Otherwise, keep it.