To try to answer the ops question better. During the 6th gen Nintendo didn't really have games that had big names for themselves. Sure, they had Mario (but I believe Mario was going through a downturn in popularity that really didn't start to come back until the Mario Pepsi commercial). Also, the N64 was viewed as a disaster by quite a few and it hurt Nintendo's reputation at least with console fans.
The big names in gaming in the 6th gen were mainly on the other consoles -- the ps2 library, Halo, Splinter Cell (more associated with the xbox brand than other consoles), DoA and Ninja Gaiden, and Kotor.
So, why do I think PS3 will do better in regards to the Gamecube at a lower price? It features blu-ray that a lot of people want and they've shown that they can have better luck with Western third parties than Nintendo did in the sixth gen and really in this gen too (with several big titles being on PS3 that haven't made it to Wii -- Orange Box, Morrowind, Fallout 3, Modern Warfare games), plus the Sony's western first or second party games seem to be more numerous if not more known than similar games from Nintendo in the sixth gen.). I think Little Big Planet, Uncharted, Ratchet, Killzone, and the rest together occupy more mindshare among gamers than Metroid Prime alone was able to do.
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