What Reggie said sounds arrogant at first, but it's actually a very good analogy of the situation. Everyone knows Halo 3 is the Xbox 360's biggest title, but it only made the console #1 in worldwide hardware sales for two weeks. Sales are still good, but where will they stabilize? This is not a rhetorical question, as I really have no idea. =P
The Wii has several of its biggest titles coming up in the next few months, a few of which might well sell more than Halo 3, and sales didn't even slow down all that much during the long wait for them. Shoving all of their greatest games into a single 4 month long time period can be a very bad idea, but it might be a good one as well, as I don't think anyone has tried it before.
The PS3 is looking a lot worse if you ask me, but it still has several chances to start turning things around, the next two being the soon starting holiday shopping frenzy, and the launches of GTA4 and MGS4 early next year.
Microsoft won a few weeks with their biggest game (of the entire console possibly), but now it's Nintendo's turn to show all they got, and Sony's a while later.
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