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kowenicki said:

Perhaps.... if they stuff the channels!!

Based on VGC number as at end of April 2010.

                     
For PS3 to overtake 360, PS3 will need to outsell 360 by:             
                     
634,553 per month to catch it by Jan '11   146,435 per week, on average every week.  
253,821 per month to catch it by Jan '12   58,574 per week, on average every week.  
158,638 per month to catch it by Jan '13   36,609 per week, on average every week.  
115,373 per month to catch it by Jan '14   26,625 per week, on average every week.  
                     
Current rate:  284,030 per month on average for the last 12 months. 1.49 years to catch at this rate December-11
  351,216 per month on average for the last 6 months. 1.20 years to catch at this rate September-11
  205,429 per month on average for the last 3 months. 2.06 years to catch at this rate July-12
                     

But that first table is not including holidays, game launches, SKUs etc, so you never know.

Holidays alone the PS3 could outsell the X360 by a couple hundred thousand in a week easily. So throwing all that into equation and we could see the PS3 outselling it at the latest Summer of 2011.