The 360 has been on a slippery slope for some time now in Europe, and its now really starting to bite.
That said - the sales of the 360, PS3 & PSP (in Europe) are all comparable (ballpark anyway).
What the 360 needs is some quality exclusives to hit - apart from Ninja Gaiden II, there just hasn't been anything huge for ages.
MS would really love "Too Human" to be a smash hit, they could use one around now...
@Leo: On your sig - do you really think the PS3 will *outsell* the 360 by 6m in the next 6 months?? Seems a little... ambitious...?
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