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The issues with this are two fold.

1. The 360 will likely always be the cheaper console.

2. The majority of the games will be shared between the two.

Breaking that down further, the only thing standing a chance at making the PS3 sell better are its software exclusives, given they have not been a big boost to it yet, it should be easy to see why everyone views the PS3 in this light.

Some would think price is the bigger issue, but the fact is if the PS3 started outselling the 360 next week, Microsoft would likely be far more responsive. The have a lot more room to wiggle in. They would not stand by and be out sold by the PS3 for 10 months ala Sony.