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I'd say so.

Just by looking at it, for 50 bucks more one can get a crap load of of extras with the PS3, so really anyone who isn't moved by motion controls and has no affinity to Nintendo games, and is just strapped for cash but still wants a console as well as a bang for their buck will be easily enticed to pick up a PS3...Nintendo just needs to drop the Wii by at least 50 bucks, that way there will be a 100 bucks difference which isn't as easy overcome as 50.

Just my 2 cents