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This is a brilliant example of seeing what you wanted to see.

Sony managed to keep the PS3 afloat despite it's poor launch on the strength of the PS2 - they were still making a lot of money from the PS2, and there was a consensus from industry 'experts' that the Wii would sell 9-18 million, the 360 would sell 30-50 million and the PS3 would dominate like the PS2 did. Analysts are not making that prediction anymore, and Sony is in a very dangerous financial situation - they can't take the same loss per console sale this time round.

You say that the PS4's online is comparable to Xbox live and consider that a good thing? You don't think that, maybe Microsoft has some announcements for improvements to xbox live to go with their new console announcement? You're comparing features that Sony has announced, not even for at the release of their console, but for an unspecified time in the future, to MS's current features.

You point to the sales of the Wii U as a reason for Sony not to worry, but you are forgetting that the WiiU had great sales at launch (when it had big games) and that the WiiU has games that will release before or at the same time as the PS4 that will outsell anything currently released on the PS3, and will likely outsell any PS4 game (Wii Fit U and quite possibly Mario Kart U, which will be playable at E3).

As for the 720 being less powerful, how is that relevant? The Wii is still 20 something million ahead of either competition despite being incredibly less powerful, the PS2 was only more powerful than the Dreamcast, and yet sold tremendously.

You're also assuming that the PS3 will have a launch time advantage over the 720. Please, educate us since you obviously have some hidden knowledge, when is the 720 releasing?

Sony will do fine, I am sure, but this will be the generation where they have the fewest factors in their favour since the PS1. Do not expect Sony domination, or you will be dissapointed.