No . Sony will still have a big lead in the PAL teritorie and it will also have Japan to boost sales a bit . The US will not be enough for MS to win the war , especially because the two is going head to head there ...

 Agreed, while the 360 is ahead now the ps3 will catch up. MS have a larger share of the gaming industry this gen then last, so either way you think about it, this gen for M$ was a success, not as big as they would of liked, (no one expected the Wii splosion) but it has come along way from the first XBOX.

Well now that I see it I wouldn't be surprised if xbox360 does beat PS3 this gen. They have money and lots of it, they can buy exclusives, the xbox360 is cheaper. They have a strategy and they know it really well. Their odds have greatly risen with FFXIII coming to the xbox360.

If by promise you mean the implied promise that you will buy a product and it will work...  then technically they keep that promise with the three year warantee.  However, my first 360 broke before the three year warantee was implemented, I feel they didn't keep that promise; that is why I sold mine (broken).  And I am going to rebuy.

I think it will be very close.

When 360 Pro is 250 in US and 200 in Europe then PS3 will have a very tough time competing for $400 and no GTA or FF exclusivity.

The gap between PS3 and X360 is closing all the time.
The X360 price drop will help for a few weeks, but look what happened in Europe with the price drop... almost nothing.

So in the long run other things will be more important like wii-loke remote, blu-ray-player and build quality. So IMO MS does not stand a chace to win this gen. It's destined for last place, for sure.

sorry
but, except the FFXIII deal,
they failed all the way

time will tell.

360 does deserve to win with the progress that Microsoft have made on the PS3. It probably won't, though.

PS3 will outsell the X360 anyway, it owns Japan and has a bigger following in Europe than the X360 does, in time it will sell more in the US as well, they won't annihilate the Xbox 5 to 1 as they did in the prevous generation, but sony will still outsell M$.

No matter whether X360 beats or PS3 or not, it's going to a pyrrhic victory since it won't take place until it's far too late in the generation.

This is a bold statement but I do think it could happen.

I have neither the time nor inclination to probe Sony CE accounts or even the Sony Corp as a whole to try to ascertain their current cash reserves.

However in sheer cash reserve stakes Microsoft could have Sony for breakfast.

The one way Microsoft could win is adopt the time honoured strategy of opening the financial veins and bleed. This could be done via price drops or bundled content.

Irrespective of the method Sony would need to match the bleed to stay competitive and in a money bleed contest Sony would be curling its toes long before Microsoft felt any discomfort.