I would agree with the sentiment that Europe is a far more significant market then Japan. First the others market is, or was 34% of the global market. Compare that to North Americas 51% and Japans 16%. Even if you think Europe is only two thirds of the numbers tracking then thats still larger then Japan. Second Microsoft has much more traction in that market. Third that market seems to be more accepting of the same genres of games. Which results in greater carry over.
Europe is probably the most interesting regional race for the high definition consoles. Microsoft and Sony have both switched up spots a couple times now, and there is nothing to say we can't see the same this year. The smallest critical changes right now could have incredible results. The price of the hardware, local investment, advertising, and very importantly release schedules.
This perhaps will be the first generation where the manufacturers will feel the concerted need to get their products into the European market faster then they have in the past. All of it is quite logical I would say bigger market getting more focus.
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