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PS3 will be behind 360 by less than 2 million at December 31, 2011.

PS3 overtakes the 360 around September 30, 2012. 

360 will beat the PS3 to 60 million and 65 million sales. PS3 should reach 70 million sales before the XBox 360. 

Both PS3 and 360 are priced at mass market retail sales prices that will continue to decrease over time. Console bundles or bigger HDDs could be included as well as small price cuts.