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Adjudicator said:
If MS launches their next console at $600 and it sells half as much as the PS3 I would say yes.
This alone answered the question for me. I was and still am flabergasted by how much the PS3 sold given the early screw ups. I seriously wonder if even Ninty could have pulled that off

The launch consoles cost $700 if you factor in Live for 6 years.