The 360 will finish second in sales behind the Wii in 2010. Don't let 2009 fool you with the PS3 getting the edge over the 360, but Microsoft had no games. It was a just a filler year because they were holding out until 2010. This will be the PS3's strongest year yet, but it still wont be enough.
Only time will tell, I suppose. If I had more time, I'd consider picking up one of the 360 arcades that I've seen on sale recently for $99, but I can't even get through the PS3 games that I already have, and we hardly touch the Wii, so there's so point right now. One thing I know is that both PS3 and 360 owners should be thrilled with the large list of quality games coming out this year.
The Wii's 2010 will be its best yet by far, as well. It's a crazy year for all home consoles, I suppose. Add to that some great PC games (most notably, Starcraft II), and it becomes clear one cannot possibly enjoy everything within this year... I certainly can't, anyway.
I'm kinda disappointed with the initial news (as great as that vid was), I wonder what his "face melting" news turns out to be.
As much as I love Gears, I hope they're working on something new. One every 2 years is kind of pushing it, I much prefer the 3 year cycles.