The PS3 has absolutely zero chance of catching up to anything next year. The 360 is currently almost 6 million units in the lead, and outselling the PS3 on a weekly basis. I see absolutely no reason for the PS3 to do better than the 360 during the holidays, in which case it would have to outsell its competitor next year by at least 500k every month next year in order to take second place. Currently the PS3 isn't even selling 500k per month, and 360 sales are picking up the pace, so it's becoming pretty clear what's going to happen.
How things go after 2008 is anybody's guess, but I see the PS3 falling even futher behind due to the big franchises jumping ship after their currently WIP incarnations are out.
The Wii is so far ahead it's barely worth mentioning here.
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