I know this has been around, but here are some perspectives I haven't seen bounced around yet.
So we all know that MS completely underestimated the Wii. I think we'd like to hope a company like Microsoft would learn its lesson after underestimating their competition, but they haven't.
http://www.gamasutra.com/php-bin/news_index.php?story=19304
You see they're not buying games on it, right? They're buying it, it's like something they break out when people come over, and it's maybe a fun thing, but it's almost like the same people that buy a karaoke machine, you know? They're not really buying it for games, they're just buying it as a novelty.
Of course, we all know that the Wii now has more software sold than the 360 by a comfortable margin according to the recent world wide charts:
Just to kick home the point that the Wii is not a video game toy like the Xbox 360 is, Greenberg says this:
AG: I know that we're the leading console in Korea; I know we've done well there.
Well, the Wii is that now, so...
AG: Yeah. Sorry! Forgot about the Wii.
The Wii just came out.
AG: Well, let's say the high definition console. I don't always say we're beating Sony. You don't want to kick 'em in the nuts too many times.
He also comes out to state several times that the PS3 has no momentum and compares the Xbox 360 to the Playstation 2 in terms of possible market share. He assumes the Wii is its own thing and that it won't have an effect on the Xbox 360.
