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Trouble? Nah. I think nothing really changed regards X360 in Europe. Actually it sells better now. Did anyone believe Microsoft can win in Europe? Microsoft is safe as long as US market belongs to them. They sell software and hardware in US. In Europe PS3 almost outsell X360 software wise despite hardware disadvantage.
 
Wii is 3,5 million ahead X360 and it can't secure exclusive content. You need to outsell rivalry by a really wide margin to eliminate them (like PS2 eliminated GC/Xbox). We won't see a dominating force this gen. I believe this run will be pretty close.