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First to Kwaad's insightful observation on Godfather:

The wii has many more casual gamers who bought the system just for Wii sports etc.  I think that the sales are perfectly respectable given the wii's market.

On topic:
I do agree that we "hardcore" gamers made a lot of hot air over Motorstorm, but to be honest it is not a big brand/franchise, and it's a dirt racer, and the demo in Bestbuy was fairly tepid (at least that I have played).  So these things taken together should inform us why the game isn't pushing systems out the door.  The people who really believe in the PS3 will have to fall back to the staples; wait for FF whatever, MG whatever, etc.

As for the other points you made (Home, and other announcements) while I do think those things are interesting I do not think they're system sellers (again I look to the big franchises for that role).  The system will most likely not pick up sales pace until the holidays, whether it will ever enjoy success like its predecessor is hard to tell (though I think there's a lot of reason to be concerned right now).  At any rate I suppose we could look at how the xbox did in this time period if we wanted to read the tea leaves (or it's older brother which I believe is performing slightly worse).

Full disclosure: I am an owner of Wii, PS2, Gamecube ... and I enjoy JRPGs and Nintendo franchises over sports and FPSs