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Sometime in 2009, and if by then as some claim the Xbox comes with the 720 it will be the end of MSFT in the game console market. Because I highly doubt that twice in a row people will dumb enough to buy a console that MSFT will make obsolete 2 years after ( realize that if the 720 comes in 2009 half of the 360 owners will have had their consoles for less than 2 years).
You can say what you want about Sony, people that bought a PS2, even if they did so around the time the PS3 came out still got a console worth their investment with a huge library of games ( and games like GoW2 and GH3 came out on PS2 after the PS3 had been out, same with FFXII that came out shortly before the PS3 in the US).



PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !