The big difference is that Sony didn't screw up back then like they did now.
First they release a $600 console, then fail to deliver it's big franchises early in the gen, not justifying the premium for many people. They also delivered a very limited net service in comparison with the competition, in a moment when this becomes a very big thing( Ok PSN covered the ground and now it's a good service, but the damage is done) in gaming. Add all this to the fact that they lost or let slip the 3rd parties support and you have a 1st to 3rd place console after 1 gen.
Not downplaying what MS did, but had Sony managed to make things the rigth way, the X360 would have failed miserably, after the RROD problem.
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PLAYSTATION®3 is the future......NOW.......B_E_L_I_E_V_E
