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Gnizmo said:
Unless the PS3 becomes the market leader or close to it then history will view it as a failure. The N64 had very respectable number of consoles sold but is still viewed as a failure for losing so badly to the Playstation. Inevitably it seems that history records one victor and everyone one competing against them was crushed horribly and should be regarded as failures. Console industry is finnicky that way I suppose.

So long as the PS3 makes money for Sony I personally don't see how it can be called a failure. The first year was definatly a train wreck and a half all things considered, but it is too early to tell how it will all end.

N64 had peanuts in Europe and Japan. It was outsold by Sega Saturn in Japan. It was a failure in my opinion as nintendo lost huge market share in Japan. 

As far as PS3, it all depends where it ends up in the console race, compared to the xbox 360. No one will catch the wii... Snes sold less than NES but in no mans is it a failure, so ps2 should not be a measuring stick.