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Well it took me this long to read through this whole thread and all I gotta say is wow!

I personally have seen no shortages but as someone pointed out earlier is that I live in Canada and Canada is not the whole world (Thanks Kantor)

What I did see were Wal-Mart dropping prices on all but Arcade models by 30 to 50 dollars, and i saw red XBOX RE5 bundles galore at all the places I frequent.
Yesterday I saw a 5 stack of $99 360's at the local pawn shop.

I did not think that the PS3 would be showing as strongly as it has according to the numbers especially.

I am no fan of Pachter, he probably got his numbers from VGChartz anyways. It is always easier to analyse and report when credible information is readily available.

The only reason that I believe the shortages argument might hold a little bit of weight is if Microsoft are indeed changing their SKU's and selling off stock before they introduce other models, but that is a big if, because so far I have seen no official proof of this being the case.