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I agree...they would have had to release the PlayStation3 at some point, but it didn't have to be in retaliation to the Xbox 360.

I know I only got an Xbox 360 because Grand Theft Auto IV wasn't going to be released on PlayStation 2, and (being in year 9) didn't exactly have $699AU readily available to spend on a PS3. <$300 was a far better deal!

Xbox 360 is still a little bit better value for money here in Australia - when you can get a 360 Elite plus 5 games for $100 cheaper, well...good thing BluRay found its groove when it did, I honestly believed BluRay would flop even after its victory over HD DVD.