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It has happened before, however, I think the current console positions are pretty much set. 1-Wii, 2-360, 3-PS3 (IMO). The next Xbox will probably be released before Sony (might) overtake 360 in console sales. Wii will continue to sell at high levels as will the DS>PSP in sales as well.

Sony has a lot going for it..........but getting out the gate as slowly and as it did, coupled with a high price tag may, unfortunately, be too little to late.