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BlkPaladin said:
Yeah E3 2006 showed the importance of first impressions. It really does reflect what the market will do for the first year. Sony failed to impress and the section of their boot for the PS3 really reflected it. A modest line the first day and virtually empty the rest of the show. Nintendo on the other hand had day long waits each day.

Exactly.

Don't underestimate the importance that a really great E3 show can have on the general public, guys.  The 4hr+ wait to play the Wii in 2006 didn't go unnoticed.  That overwhelmingly positive reaction carries over to the general public.

EDIT:  That said, to answer the OP, no, it doesn't mean it'll fail in the west.