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kowenicki said:
what do you think to my reasoning in the OP though with regard to reduced shipping numbers and full retail channels? its obvious isnt it?

 

Inventory levels (and shipment numbers) get reduced in calendar Q2 for sure.

HW shipments this quarter:  Wii 2.3 mill, X360 1.2 mill, PS3 1.1 mill.   Approx. VGChartz sales this quarter: Wii 2.6mill, X360 1.6 mill, PS3 1.4 mill

All of them have reduced inventory in the channel.