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TWRoO said:
Smash? depends on your interpretaion of it.

I wouldn't say it will smash it, but it will probably manage 500-1000k more than it pretty handily (more if there is another price drop)

I would say that outselling the 360 by a million units during the holidays would definitly be "smashing" it.  500K would be a pretty serious victory for the PS3 as well.