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eugene said:
Ive always said, the Wii is the new DS, the PS3 is the new PSP, and Xbox 360 is the new Xbox.
 

I have it like this:

 

The Wii is the new DS - new controls, not that great hardware

The Xbox 360 is the new PS2 - OK hardware, great games library

The PS3 is the new Xbox - great hardware, multimedia stuff, not so great games library (at least for now) 

 

Of course it's a bit simplified, but I think it's quite true.