I would say it is supply contrained, but not sold out. Like Fishy said, a very vague term.
But there is supply it appear, but I doupt it is ample, supply is probably slightly more demand, meaning that most of each shipment is sold before the next, but store are no longer selling out.
End of 2009 Predictions (Set, January 1st 2009)
Wii- 72 million 3rd Year Peak, better slate of releases
360- 37 million Should trend down slightly after 3rd year peak
PS3- 29 million Sales should pick up next year, 3rd year peak and price cut







