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Ji99saw said:
Microsoft saved Nintendo if it was not for them Sony would have Steamed rolled the Wii (even with the casual market), Have all the third party games released this gen and would be poised to win next gen. Microsoft slowed the beast that was the PlayStation and made a path for Nintendo to thrive.

I think it's more likely that Microsoft saved Sony. Sony was so full of hubris that they would have self-destructed completely with their $599 USD stupidity and been abandoned by third parties if the 360 weren't so similar in specs to the PS3 that they could easily port games between the two.