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Sony says a lot of things leo.... remember 5.5 million sold by last March, or remember 6 million sold by April/May (whenever the Australian CEO guy said it)

I do actually believe VGC may be under by a few million for PS2 (4 million max) because I don't think ioi tracks some areas the PS2 has been released in,... I think it is safe to say however that any number Sony spouts for total PS2 sales will in fact be shipment details (if not just production... which is what the 117 million was)

We know that they had "shipped" 117 million PS2s (meaning produced) by last March, and they had a production projection of 12 million for the year (remember the 11 million for PS3 one)... so we can guess that they probably produced close to 129 million by now.

My bet is PS2 has not sold 117 million yet, there is a hell of a lot of supply.

This is actually where Sonys channel stuffing comes into good play, because after everyone has lost interest in the PS2 there will still be millions unsold, which will of course get cut in price until they are sold.
I for one wish the PS2 would just die now because I refuse to pay £100 for it, but i kind of want one... I will wait till it comes down to about £50 i think.