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PS2 had a slow start and also no competition for over a year, by the time Gamecube and Xbox entered the market PS2 had a huge lead that it would never give up.

This time PS3 is behind 360 because MS rushed to market, and the Wii is outselling them 3-1 world wide and is supply constrained. Sony does not have the luxury of letting the PS3 slowly get an install base, because this time it wont happen.

PS3 will get less exclusives, every game that 3rd parties make will also be on the 360 and the 360 will always be cheaper. Wii will have tons of exclusives and will always have the best price.

PS3 needs a $200+ price cut right now. They can't wait until the Xmas season...