I think 2008 will be pretty similar, the Wii will continue to sell well and if sales start to dip I'm sure Nintendo can afford a $50 price cut plus SMG pack in.
PS3 sales will be better overall due to it's stronger line-up for next year and this years price cuts however $400 is still far too expensive to reach a large portion of gamers. Price cuts next year will probably be out of the question when shareholder's see the year end report.
The 360 will probably wind up heavily behind the PS3 in Europe and Japanese sales will take a heavy toll on it's overall lead, however strong 3rd party game sales in America should help guarantee it 3rd party support through the rest of the generation. I think you'll see a quarter or 2 of minimal profits but the inevitable price drop will make those a wash for the year.
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