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The PS3 ending up with a higher LTD than the 360 during 2008 is 100% completely impossible.

The PS3 selling more than the 360 during 2008 is possible, but far from certain. Unlike Sony, Microsoft can actually drop prices without hurting, and they're actually gaining developer support rather than losing it. I'd say the chance of the PS3 winning is 33%, although much higher in Europe and next to nothing in the US.