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More likely 2011.

Even if PS3 outsells 360 by 70k each week like it did the most recent week, it would be 77 weeks before PS3 surpasses 360.

That's about October 2011 for you kids counting at home, and that's kind of a best case scenario. A 360 price drop could come out the same time as Natal which will throw things off as well as Halo Reach this year and Gears 3 early next year.