@ rocketpig, unless Eight Days or the Getaway make it (I think one could certainly make it) then there is not much for Europe, apart from Motorstorm 2, which will sell more than the original (which would have sold over 1m without bundling) and PES 2009 (though non-exclusive) will probably shift many console cause it will be a proper next gen pes, Japan has White Knight Chronicles
Anyway, I thought the original KZ was popular in Europe (though we have no data), so KZ 2 should do well there. I don't think that Gears 2 will shift that many consoles, cause I doubt that there are that many FPS fans that have managed to live without GeoW 1 and Halo 3. Fable and Banjo-Kajooie should help sales in Europe, though they will probably not have a huge effect in the US, however, I think that MS 2 will make up for them. R2 (I would say that will make 5m) and KZ2 will be excellent games, and I expect R2 to be more arcady than KZ2 and will sell more, though Sony will advertise them massively. SOCOM is not in the same league, Warhawk only sold 500k, so I don't expect SOCOM to sell much more than that (I won't get it) but it should do decently. However, that is an extremely strong holiday line-up and I don't doubt that Sony will add to it this year
The big question is LBP, the question is will that an the inevitable price cut be enough to get people onto the PS3. It will be very well reviewed (I can't see any other outcome) and they will do huge amounts of advertising explaining the concept, and I think it will be one of the best selling games on the PS3.
Looking into 2009, the PS3 will see Final Fantasy XIII, Gran Turismo 5, God of War 3 (not that huge a title in my opinion), Uncharted 2 (will do very well), probably next Ratchet (not as good as Uncharted), and then you might expect HS 2 as well to further boost sales.
Overall, I do think that the PS3's holiday line up does trump the 360's, but unless M$ get Halo 4 made for 2009, that will be Sony's year