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To me, 360 was greatly boosted by nationalism from US and UK, if it weren't an American console it would have performed less well and PS3 better. But Japanese do the same, they favor Japanese consoles.
Americans are back in the race for the first time since Atari 2600's success in the 70/80's. And America weight more than Japan. In the future I think if Microsoft don't make a big mistake it will lead VG industry for long.