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To Boneitis :

Your arguments fail miserably.

"The PS3 is struggliing to catch up with the likes of the Gamecube, Saturn, and N64."

As I said before, PS3 is not done selling and will go on to outsell all those and become the 6th best selling console of all time in Japan. In the process of this, it will become the most successful 2nd place console in Japan.

It will do ALL this while maintaining a rather high price point - Huge launch price and STILL relatively high price for a console of its life time.

"None of which were huge in Japan nor did they lose billions in the process."

As said in a recent news article, PS3 consoles would be profitable in 2010. You seem to have forgotten that a re-designed PS3 console has launched, with obvious plans of reducing manufacturing costs in the long run.

"I'm just a little tired of hearing how great the PS3 is doing in Japan. When in reality there isn't much to boast about."

Why are you tired of hearing it ? Maybe because you are a troll. Its the highest selling home console right now. That IS something to boast about.

FFXIII and GT5 will also boost sales considerably. GT5P did launch with a boost of PS3 sales, but will that prevent another boost from happening ?

You also claim that if all consoles sell for a loss, they will sell bucket loads - 99$ Arcade and 199$ elite. But did the XBOX360 sell as well as the PS3 did @ 299$ for the lowest price model ? NO ? I wonder why ?

How much would the PS3 sell if its @ 99$ or 199$ ? 

Recap - PS3 has sold huge amounts considering its high price (relatively), even though they are suffering from losses, PS3 will be profitable in 2010. 

PS3 selling huge amounts with slim launch will help reduce cost of producing an individual unit. The more they sell  - the more they produce at a time. This actually reduces the total cost. Therefore,

Sell more = Reduce losses.

I smell good times and good sales ahead for the PS3. Do you like that smell Boneitis ? PS3 lead in others within weeks, Sales exploding in Japan...

(For your information, XBOX 360 was also sold for a loss in its early stages and MS lost a lot of money due to the RROD fiasco.)