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They need to get CoD: MW2 as an exclusive. This would help PS3 decimate 360 sales in the holiday season.
Another good exclusive would be getting EA Sports + the multiple games they have. FIFA on 1 console would sell like crazy.

New IPs they could use would be a new racing game, while Gran Turismo aint on the market Sony could get some of the racer sales with a 2nd racer. Kinda like 360 has Forza + PGR.