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Considering I can buy a bluray player for about $150 now and probably $100 bucks by the "hilidays" I don't think the PS3 will outsell the 360 by any significant factor.

It will sell more, since the people who wanted a $300 360 already bought one. But, the rate of PS3s sold over 360s will probably be less than 15%.

In the long run the 360 will remain 2nd place, easily.