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Using the data below I think we can all agree that logically it doesn't make sense. There is something off in the VGC accounting for hte PS3 overall. However, I don't think it is just being undertracked in Europe, but probably overtracked in other regions.

So, in total VGC isn't off by much, especially not any amount to make anybody scream OMG PS3 IS REALLY WINNING!!!!!

I bet VGC is off by less than 1m worldwide if there were a way to know exactly how much shifted to the end user.

*Data through end of June to compare VGC others/europe with Sony shipped figures.*

  VGC Americas VCG Japan VGC Others VGC % of total sales
 PS3     14,310,511    5,307,180    16,164,502 45%

 

Sony Europe Sony % of total ship On Shelves in Europe % of total on shelves
   18,000,000 47%    1,835,498 83%

 

VGC Total Sony Total On Shelves Total est on shelves amer/jp
   35,782,193    38,000,000    2,217,807               382,309