There will continue to be real Halo titles since it prints so much money.  Microsoft has been prepping 343 studios for years to take over the reins so Halo should be fine.

Also Microsoft has plenty left you're being a little overdramatic.

I have my original 60gb PS3 as well as my 360 and I still enjoy my 360 more because at least for me they have the most exclusive/timed exclusives that I like to play.

But you know what the best part is since I own both I get to play Halo Reach in September, Fable 3 in October, and Gran Tursimo 5 in November there is never a slow gaming month for me.

Gran Turismo was created in the ps1 era

God of War was ps2

Ico/Shadow of the Colossus came out during the ps2 era it got critical acclaim but its a niche title that most didn't play

Jak and Daxter gets sales and it's a solid 8 title but it's overshadowed by other platformers like mario

The issue I am referring to in this post is everyone acts like Sony has always had so many great first party ips from the start which isn't the case as you have just listed.  They slowly built it up over time.

Also your list points out another problem with Sony sure they create a lot of new ips but they abandon a lot of them and move on to something else when fans would really like to see sequels.  How long have people been asking and begging for legend of dragoon again?

Dammit Shadow Soldier, I was gonna post that. Turian Councilor for the win. He's one of he few characters that I despise and love at the same time.

Well fine I shouldn't have made it sound so black and white that nobody cared about Sony's titles but you HAVE to admit that by far the exclusive 3rd party games such as the Final Fantasies, Metal Gear Solids, Tekken, Grand theft Autos, Devil May Crys etc of yesteryear is what made the MOST IMPACT.

You don't have to admit it because with all those titles you listed most have a multiplatform title that people on the ps3 are going to choose over it and it wont be close

-Killzone 2 and 3 (Most gamers ignore it for the Call of Duty titles on ps3 by a wide margin look at vgchartz numbers)

-Twisted Metal (There aren't many vehicular combat game nowadays  so it wins by default)

-God of War 3 and Uncharted Series (Sony had a chance to get Assassins Creed and Grand Theft Auto 4 as exclusives but they let it slip away and as a result both handily outsold GOW 3 and Uncharted series )

-Ratchet and Clank (There aren't many plaformers being made so it wins by default)

-Gran Turismo 5 (The most important and best selling sony franchise so this will always be around)

-The Last Guardian( Not many people outside of Japan is going to play this so it's going to be ignored by the masses)

Now let's do Microsoft

Halo 3 ( the best selling fps on the console until it was just recently inched out by MW 2 Halo Reach may pass it though)

Fable 2 (The highest selling wrpg on the system)

Forza 2,3 (The best selling sim racers on the system)

Lost Odyssey ( was the bestselling jrpg this gen until the juggernaut final fantasy 13 came)

Alan Wake and Crackdown (gets killed by Assassins Creed and GTA)

Gears of War ( the best selling 3rd person shooter this gen)

So you see Sony may have first party titles that get  a lot of critical acclaim but gamers still need to show support and acknowledge the titles by buying them. That isn't happening they like the multi plat more.  What good is it to claim that the 1st party titles on the ps3 are better than the 360s if the gamers on the system like the multi plat titles more?

You say the sony first party titles are better than it has ever been and it's true they are but their third party support when it comes to exclusives is the worst it's ever been.  Microsoft and Sony aren't Nintendo so to achieve the success that they want they need 3rd party exclusives just as much and probably more than first party exclusives.

Edit) Once again just to clarify I didn't mean to imply that no one cared about sonys first party titles.  But at least to me Sonys titles just served as good filler until the 3rd party exclusive main course titles appeared during the ps1 and ps2 days.

Would u prefer next GTA dlc to be 1 year 360 exclusive (for 50 million), or brand new, fresh IP available only on 360??

And sony had big selling games that people cared about every gen.

How is Alan Wake getting killed by Assassins Creed and GTA?

Yep agree to disagree.  I don't think any company besides Nintendo can do extremely well without third party exclusives.  I believe that's why sony still isn't selling as well at least in the US like they did in previous gens.

  I don't know how much losing Mass Effect exclusivity is going to hurt Microsoft yet.  If Mass Effect 3 launches on the same day for both consoles then it will severely damage Microsoft we have to wait and see what happens.

It would be nice if Microsoft had more internal studios but the current way they are doing things seem to work for them at least. When you own a studio like Microsoft did with Bungie you have to pay yearly salaries even when they aren't releasing any games that year, cost of maintaining the building, utilities bill, land, taxes on the land, replacing and finding new employees etc

And not to mention the actual development costs of the game.  There's a risk that after 2-4 years of the development studio not earning revenue for Microsoft that the game could go over the budget, miss it's release date and then after all of that not reach its sales goals. 

That's why microsoft seems to prefer to go to a independent developer like realtime worlds and say show me that action adventure title you are working we are looking to add a action adventure title to our portfolio to release during the summer time-frame.  I'm willing to pay x amount of dollars to publish and own this crackdown ip since it looks like it has potential.  That way they have all the benefits of owning an ip without incurring the major risks.  They don't have to pay yearly salaries, years of development costs etc. and they can use their money on other things like advertising to try and make sure people know about the game. 

Imagine if Microsoft owned remedy and Alan Wake kept getting delayed like it did it would have been 5 years of no revenue being generated from that company and then the game releases and doesn't meet sales expectations.

LOL no one is talking about dlc yeah Microsoft is stupid if they paid that kind of money for that.  I am talking about the exclusive third party games that sony use to have like Devil May Cry, Final Fantasy, Grand theft auto, Metal Gear Solid, Resident Evil etc

As I said in another comment sorry I didn't mean to imply that absolutely no one cared about their games.  It's just that when compared to their third party exclusives sonys first party titles (excluding gran turismo) was just good filler until you get to the main dish which was their third party exclusive games. Sales seem to indicate this in the majority of the cases as well.

Yeah not a fair comparision since those games released months and years apart from alan wake.  Would red dead redemption be a better comparison since it came out in the same month and belongs to the same action adventure genre?  Alan Wake is getting killed by that because many people thought the game would sell better than it did if it hadn't have released in the same month as red dead. 

The sales and quality expectations for that game were through the roof because it took 5 years to develop.  I personally like it and think it's one of the top 5 games on the system but gamers vote with their wallets and they chose red dead by a wide margin.

To answer the question do I care that Mass Effect 2 is no longer a console exclusive yes I care and no I don't.  I care because I wonder what this means for the future of Mass Effect.  The previous games have been optimized and a console exclusive for the 360 so I wonder if Mass Effect 3 comes out on both consoles at the same time is Bioware going to pull a Dragon Age and just focus on the pc version while letting someone else handle the console ports.

If that happens then I don't think either console owner is going to be happy with the results. 

I don't care that Mass Effect 2 is no longer a console exclusive because I have already played and completed the 360 version of this game so it's good that PS3 only owners will finally get a chance to enjoy this amazing game a year later.  I hope they enjoy it.

Edit)  All the PS3 only owneres out there make sure you support this game it deserves your attention because it's one of the best games this gen on any system.