What are you talking about?
Sony had the largest in-house development team among the 3.

If Sony pulls that one off, I'll be the happiest gamer alive as long as the key people behind S-E don't leave

   Its not as much that Sony has better first party holdings then Nintendo as it is that they actually develop NEW ideas!

   Can anyone think of a new IP from the last 20 years Nintendo has created?  OK Pikmin, Ill give you that, what else?  Anyone?  Anyone?  Exactly.

   Nintendo is up to Mario 10, Metroid 6, Zelda 9, Mario Kart 7, Mario Party 8 ect.  They have had very few new ideas for quality franchises over the past 2 decades.  With every new Nintendo system you know exactly what games you're going to get, its just a question of when.

   Sony has new and very cool franchises that pop up even if its sometimes hit and miss.  They even have a few I really liked that haven't been developed in a while like Jet Moto or Legends of Dragoon.  Heavenly Sword is also owned by Sony even if Ninja Theory isn't making the next one.  They have cool new characters every few years and develop them from scratch into interesting and compelling franchises.  One thing I prefer about the PS systems is I DON'T know what I'm going to get ahead of time, there are always great games like Resistance, Uncharted, Heavenly Sword and LIttle Big Planet to surprise me.

problem is: most of those titles are all "works in progress" while the 3rd party games are all becoming "delayed exclusives" leaving the ps3 in a situation unknown in the days of the ps and ps2. You actually failed to mention my most anticipated first party title---afrika...I really wan't to see what that game is about!

@ pristine20

   You and me both on the S-E thing.  I would give just about anything for a Parasite Eve 3.  That was the pinnacle of the survival horror scene and action RPG scene at the same time.  I can't think of a single better action RPG, why they haven't made another (even though the first two DID sell a ton) is beyond me.  Now the only action RPGs I get from Square star Mickey and Goofy instead of New York detectives.

I think its more the obvious. Both Microsoft and Sony have now done it. Dont make a huge loss leading black box of a console. They should make it small, affordable to casual, and have both good first and third party games. The end

I agree with your Nintendo sentiment. I played the nes when I was really young and got tired of mario way back then. Hard to believe that he's still rescuing the princess!

I probably should cut sony some slack. You're right that they have the most innovative NEW IP's

FY                 Sony              Nintendo                Microsoft
2002        623,000,000        800,000,000          -750,000,000
2003        939,000,000        560,000,000        -1,191,000,000
2004        650,000,000        316,000,000        -1,215,000,000
2005        404,000,000        777,000,000           -485,000,000
2006          75,000,000        894,000,000        -1,262,000,000
2007    -1,969,000,000      1,489,000,000        -1,892,000,000
2008       -965,000,000     2,193,000,000             532,000,000
Total      -243,000,000      7,029,000,000        -6,263,000,000

Critical Lessons Sony Needs to Learn:

1) MOAR POWUR isn't everything.
2) The market has spoken: a game console is not worth $599, no matter what goes into it. Even $399 is only barely tolerable. If you cannot sell a console profitably at a price the market is willing to pay, scale it back until you can.
3) Gamers like new experiences. Make sure that each new console has something to offer genuinely new experiences.
4) Gamers like real backward compatibility.
5) Gamers DON'T like being insulted.

   You cannot turn a console into a first rate console through buying exclusives.  The PS3 is a first rate console in that it uses cutting edge technology, can support large immersive and visually impressive worlds and has tons of added features for a high value total package.  The 360 is a crappy old tech computer with minimal features that has a hard time handling high end games.  When EPIC talked about porting GOW to the PC they discussed how a lot of the extra levels they added were way beyond what the 360 could handle; similarly if you compare the multi console releases which are dumbed down by the 360 with the PS3 only releases its like night and day.  If you compare the graphics of a game like Devil May Cry 4 with Heavenly Sword or even Call of Duty 4 with MGS4 its not even close.  

The 360 is a second rate console not due to support but due to design and capabilities.  The controller sucks, the system is noisier then 4 PM in Times Square, the DVD media is outdated and the processor isn't up to the tasks of modern gaming (Ninja Gaiden 2 has horrid Xbox level graphics and STILL hangs when there are more then 6 rival ninjas).  The console sucks which is why MS is bribing others and taking 6 billion dollars in losses to keep an inferior system afloat.  You can tell how good a console is by how little bribe money you have to pay; I don't remember anyone talking about Sony bribing people with the PS2.