I don't understand analysts ...
Every day it becomes more and more clear that the "crackpots" were correct and the United States (and the rest of the world) is headed towards a long term economic slow down characterized by increased inflation, slow growth, elimation of easy to access credit, and the elimination of imaginary home equity which when combined together will greatly reduce their buying power. In this context it seems odd that Analysts are predicting that people will continue to make unnecessary purchases to upgrade their home entertainment centers, buy additional (expensive) videogame systems when they already own a current (and working) system, and (generally) spend money like a drunken sailor ...
This isn't to say that you will see declining sales for either of the HD consoles, but the logic behind these analysts' reasoning for their comeback is very poor.