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I think a good portion of PS2 owners are moving over to 360 and Wii, yes that's probably true. But remember that report thing with how much time people spend on which system and the PS2 was surprisingly one of the biggest? Well this shows me that there still are alot of PS2 owners who are waiting to grab the PS3 when it hits a lower price. Just like if they looked at the numbers I bet the majority of 360 owners owned an Xbox and the majority of Gamecube owners have or will switch over to the wii. That doesn't mean that there are still 100 million PS2 owners waiting to get a PS3, and I know this is just a guess with no real data to back it up, but I bet the majority (somewhere around 60%) of PS2 owners either own a PS3 or plan on buying one in the future. There is quite a strong brand loyalty in the videogame industry and I think we will start to see that when big PS2 franchises like God of War and Gran Turismo migrate to the PS3, especially if a price cut happens around that time as well.