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The only thing that can stop the SW1 from surpassing the PS2 is the SW2.

That launch price and what follows is going to make or break its legs.
If SW2 is $450-500, it's going to stumble a bit out of the gate, which will benefit SW1 because consumers will mostly stick with that system, which is going to make its post-SW2 launch legs even stronger and it should sell past the PS2 relatively smoothly.

If SW2 is $400 like the vast majority of rumors are predicting, then it's obviously going to be a lot tougher because $400 is widely considered to be "the sweet spot" or "just right" as far as what the market believes SW2's launch price should be. But it still has a reasonable shot at getting it done, genuinely 50/50 - assuming they don't give the SW1 models a price cut.

If SW2 is $350, (unlikely but there's always a chance), then that would significantly cripple SW1's legs to the point where I don't think it catches the PS2. Even with price cuts, it would be very difficult. No price cuts? Not a chance.