Sony has great games as of late and honestly the only thing that ruined the Playstation name was the price. If they released at $300 and offered a "premium" unit at $400 they would have been a lot better off. They should have waited to release the PS3, much like MS should have waited so we didn't get the RROD.
Microsoft hit them hard with great games and a lower price. It was too hard to resist for most people.
The best thing to happen to the 360 was game, not tarnishing the PS3 however. If you compare the variety of games on the 360 versus XBox It's no contest. Sure, XBox has some great originals like Oddworld and KOTOR, but overall the 360 has a lot more variety and is a much better system then the XBox was (outside of quality hardware) and Microsoft did a lot of things right this gen and they certainly deserve second place this round.
It's just that simple.
