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Usual fanboy idiocy asside, there aren't many people here that say that the 360 is dead.
The Source posts lots of sales analysis and if you take a look at those you'll see that 360 is ahead of last year sales.
What can't be denied though is that the PS3 is selling better at this moment than the 360. Maybe Microsoft will make more profit than Sony from its game division but both companies have hidden agenda's. Nintendo is the only company that released a pure-game console. I'd say that the victory of Blu-Ray is quite significant for Sony.

I'd say that all 3 consoles are in good shape, although PS3 has some catching up to do.