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@windbane

You have forgotten one critical difference between the 360 and the PS3. That being that the 360 does not have mandatory installs. So your not forced to install large masses of data to your hard drive in order to play a game. So with the 360 its much easier to make due with a smaller drive.

@topic

Other posters have highlighted two things. The first is GT5, and God of War 3 are probably not likely to make it this year in all regions. The second is Microsoft is tight lipped. We know of half a dozen games coming down the pipe this year that have not been named. In fact each of Microsoft's key developers is delivering this year.