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@Chris : If you mean 360 can compete with PS3 while only being relevant in the US, then it's clearly wrong. Even with recent numbers, PS3 beats 360 by more than 100k a week in worldwide sales while 360 is still alive in Europe.

If 360 died in Europe, PS3 would sell 300k more consoles a week worldwide according to European sales... In less than 20 weeks PS3 installed base would take the lead worldwide (5 million gap).