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Your assumption (as is everyone's lately) is that the PS3 will never increase the pace in which is catches up hardware wise, and that is the key to these calculations.
I personally expect the gap in weekly and monthly sales to widen every month throughout the year and next year, so in reality I think its fair to assume that the PS3 will catch the 360 in lt total sales somewhere around 1st or 2nd quarter of 09.
Steps or not, there is precious little MS can do (as we've clearly seen this gen) to maintain or elevate sales outside of NA and the PS3 is growing fiercely in these regions in addition to the NA market.
I believe that the 360 is nearing its sales peak, whereas the PS3 still has quite a climb ahead of it before the same peak is crested.

Of course; many users will dismiss this (and other posts in here including the OP) as fanboy wishful thinking or the rants of immature children, but the numbers speak for themselves.
I would also like to add that I don't own any of the current gen consoles and spend 90% of gaming time on my PC.