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No.

 The PS3 is about to have HOME , and improvements in the PSN ramping up sales, as well as the PS3's blu-ray capability, etc.  

 The PS3 is going to be 1st if not second.

 

I think that a better question, given the 360's stagnating sales is whether IT will be the loser, and more importantly, why the 360 is going downhill.