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I'm not sure. As I recall the XBox had downright embarassing sales in Europe for the first few months - I and other GCN fans took great glee in taunting XB fanboys over the contorted PR statements MS was issuing at the time.

Anyway, once MS cut the price of the XB, sales skyrocketed, and it zoomed past the Cube. Seems to me there is some potential for the same thing to happen again.