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Next year will be very interesting indeed...
MS will surely be a lot more aggressive regarding price of 360(a decent price drop just before GTAIV has to be on the cards)...MS can afford it...
Sony has brand name and will easily overtake the 360 in Europe (PS2 owners more likely to upgrade to PS3, especially with the big games due to drop next year)which is good as Sony can't afford a price cut...
Nintendo has WiiFit...If they didn't release any other games next year (if you can call it a game) this alone would increase their lead over the competition...WiiFit will make the Wii crush the competition...