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McDonaldsGuy said:

If it wasn't for Microsoft Sony would have kamikazed the gaming industry with a $799 PS3.

Yep. Of course, had MS gotten their way we’d be playing on an always online console where we can’t rent or sell games. So it’s great that these companies exist for competition and to keep each other in check. Also I agree about the importance of Xbox Live. Can’t imagine how online gaming on consoles would work if it were left to Nintendo and Sony.