I don't see Wii losing so much momentum to have to worry, Nintendo never cut its price yet and it's still first, suffering a slump a lot smaller than that the crisis could cause. So about this prediction I don't agree with Mike pretending he was substantially right.
But about PS3 Slim and price cut, I remember a lot of people swearing on their moms' heads Sony couldn't afford either.
And I remember I was wrong predicting a PS3 small price cut before last Easter and a bigger one this Autumn, it looks like Sony accepted sluggish sales until September to delay any cut as much as possible.
Another thing, a lot of people still strongly think that although iSuppli estimated a ~40 loss for Sony on each PS3 during October 2008, when it was priced $399, it can't limit losses to an amount not bigger now pricing it at $299 and with Slim version savings. I could rebuild now my current desktop PC with more powerful CPU, bigger HD and RAM and still paying them less, shouldn't Sony have even bigger savings, given that it doesn't fit more powerful components in the PS3 (only the HDD is bigger, but a 120GB 2.5" HDD now is dirt cheap), but only die-shrunk ones, even less expensive?
Obviously if a $299 PS3 loses little, a $299 XB360 should earn a little, it's quite logic...
About lifetime sales: it depends on lifespan of each console and also on whether big emerging countries', like China and India, middle classes will have their buying power increased enough to meet current gen consoles prices before this gen ends, should this happen, each console would see sales now simply unthinkable, but this applies also to XB360, so Mike's would be wrong on his XB360 doom prediction, just like Sony haters would be wrong on PS3 doom ones. Obviously Wii haters will be proven wrong whatever happens, but this doesn't concern Mike, it's obvious he likes PS3 more, but he doesn't look a rabid Wii hater...
Nice to see, though, that Malstrom was even more wrong in his hardcore doom rants, and I rotfled when he backpedaled and started pretending wiiners are hardcore







