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PS2 is still selling almost as much as the Wii in the US. Its not going anywhere yet. The end of the generation is a ways off but I see PS3 gaining ground and possibly catching up to the Wii if third parties keep ignoring it and releasing crap games. Did you guys check out the decision 2008 topic on 1up.com? The Wii lineup is horrible. Here is the link:

http://www.1up.com/do/feature?cId=3165878

While the 360/PS3 have some amazing games coming out in 2008. I know I bash the Wii alot and its mainly because of the great success it is having, but I actually fear for its life if the game lineup continues down this path. 2008 is PS3's year and maybe 2009 depending on what MS does to counter all the great exclusives. There are rumors of Mass Effect 2 and Bioshock 2 coming to PS3. This will really hurt 360.