The Wii will be a topic in business school in the "How to..." class and PS3 will be a topic in the "How not to..." class. The question is will PS3 be a topic in the "How not to...and recover" class? At this point I think it will, but no one can say for sure.
Comeback is such a vague term as to be meaningless without more definition of parameters. If PS3 outsells Wii (and thereby 360) by a few thousand units per week for the majority of the rest of the generation it will not overtake Wii (and probably not 360) in lifetime sales, but that's still a comeback is it not?
Heck PS3 even selling within 10K units of the Wii per week for the remainder of the generation is an undeniable comeback.
“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell
"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix