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In my opinion, the PS3 is/will be in an awkward position ...

In 2011 the performance of hardware which will be able to be sold for $300 will be much greater than the PS3, and will be able to have all of the features included in the PS3 (and then some); all companies will be able to look at the limitations of the Wiimote, and will be able to come up with a user interface which combines the strenghts of the Wiimote with the strengths of conventional controllers; and first, second and third party developers will be able to look at what did and did not work on the Wii and produce games which are truely immersive.

In other words, in practically every way the PS3 will seem outdated to whatever Nintendo/Microsoft decide to release in 2011/2012.