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I think it can go one of two ways....

If the Wii U gets a price cut, some big first party games, and proper advertising, then I can definitely see Nintendo winning the holiday season.

The new Xbox is the easy pick though, because holidays provide the biggest boost in NA, and MS have really established the Xbox brand as the platform to beat over there. Combine that with Kinect 2.0, possible TV programming, and god knows what other entertainment features they'll throw in there....I think you got a sales winner. Not to mention MS has the best marketing team.

The PS4 will do very well for Sony (I know I'll probably get one), but I don't see it winning the holiday sales battle.