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Excuse my ignorance but will GTA4 have a simultaneous worldwide launch a la Halo 3? If not then I can't see it happening given the combined effects of Brawl, Wii Fit and Mario Kart launches across various territories. Likewise with MGS4.

Hopefully, Nintendo will address its supply issues soon, in which case sales will become more stable unlike the regular fluctuations we see from week to week. When this happens I dont think anything less than a significant price reduction will propell the PS3 past the Wii, and of course this will only be a short term irregularity.