I don't know about america, but in australia the PS2 was definitely very expensive at launch and had poor launch titles. It wasn't until about a year or so into it's life that it's price was cut and the likes of Gran turismo 3 and Grand theft auto 3 came along that people really started jumping on board.
While the PS3 will not sell more than the Wii this generation, i think it has a fair chance of catching and possibly surpassing the x360. The PS3 definitely has a stronger line up next year, i really don't think that can be disputed (games wise, lets leave natal out of this).







