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Mr Khan said:

He's still forgetting that it's somewhat of an unknown quantity on consoles. The franchise got huge on PSP, and it's capacity to sell on consoles would probably have been harder to arrive at.

Monster Hunter on Wii is bigger than Final Fantasy on PSP or (soon) DS.  It also sold almost double what it did on PS2.  I also think 1m isn't insanely impressive for MH3, but I'd also say it's a bit better than just "passing".