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With "non-gamers" buying Wiis, home theater guys buying ps3s, etc. I think that the industry will grow quite a bit over this generation.

I think the industry will at least hit the 200 mil. mark, and could possibly get as high as 250 mil. units sold total.

I think things will end up something like this:

360: 40-50 mil.
PS3: 65-80 mil.
Wii: 100-120 mil.