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It is not over yet. Do not count your chickens before they have hatched. The PS3 Slim launch was just a spike in sales due to people having delayed purchases of PS3 waiting for a year for the PS3 to fall to a reasonable price and there were the owners who simply upgraded to the new PS3 Slim 120GB model.

The Wii price cut will slow down both the PS3 and 360 sales.