End of 2007? no more than 7.5 millions consoles sold to consumer...probably around 7 millions....answer to the question obviously is NO

 Again 1st Christmas in Europe/Others for PS3 i think this is quite important and the PS3 is cheaper than it was last year $599 to $499 if the 60GB stays in stock which they probably will.The X360 faced tougher competition but the competition was suffering from supply constraints this year that wont happen so the PS3 and Wii sales will be better and X360 will be worse because there wont be supply constraints this year and then all the Exclusives in time for Christmas and then MGS4 in early 08 will increase sales more so i stand by my prediction of 9-10million for end of year and 9.75-10.75million by March08.

A lot of people are assuming the PS3 will have a better holiday this year than the 360 did last year. I don't think this is at all likely -- last year the PS3 was all of the buzz and it wasn't even selling out everywhere? It had very high availability in early January.

Why should we assume the PS3 will magically have a huge boost this holiday? It will be facing a lot of competition the 360 didn't really face during its second holiday (primarily the Wii, which had almost no market saturation). I'd be happy for Sony if the PS3 had a better holiday in '07 than the 360 had in '06, but I really doubt it will happen. I also believe the 360 is unlikely to repeat.

It's highly unlikely that they will get all those consoles to consumer during fiscal year. Or they will do like M$ did, push those consoles to the retailers :p

ok, have you ever considered the possibility that MS could answer to PS3 price drop? i think that for the whole 2008 standard Ps3 will be 100$ more expensive than x360 premium...and you have to consider the x360 core (quite appealing for casual gamers) that will be even cheaper (and 150$ or so between 2 products is something that definitely counts...especially when one of the 2 consoles goes under 200$: more than a possibility for x360 core during 2008).

As for the exclusives it all depends on this holiday sales: if PS3 doesn't manage to (consistently) reduce the userbase gap from X360 why in the world should a 3rd party developer decide to leave the X360 out? you should remind that x360 has already proved that a single high quality game can sell up to 5 million copies (GoW) over a user base of 10 millions (this leaving aside the fact that till now 3rd parties devs, apart from some exceptions, has probablay made money only on x360: how many PS3 games have WW sales in excess of 600k? how many games for x360 have sales in excess of 600k? you can draw conclusions)...to me this is enough for making a 3rd party developer thinking more than twice before leaving out x360, don't you think so? Thus my opinion is that X360 won't loose exclusive at least for the whole 2008...then time will tell but at least for the next year i think that from this point of view X360 is safe.

Finally: till you can't prove the oppsite there are still 6 millions more x360 and reducing this gap is not an easy task when you product costs at least 100$ more and hasn't any KA to date (proof? actually the gap hasn't reduced much from PS3 debut: Sony has definitely to work harder).

EDIT:

i almost forgot: MS is not SEGA...it's the biggest company in this market. Not an easy one to kill. 

GRAN TURISMO 5 is coming BEFORE March & that is one HUGE title for EU

Trust me I have 10 friends planning to get a PS3 with GT 5 March 08

Combined with that

11 Million by march 08 is possible, leaving 0.5 million store shelves.

Ad for END OF THIS YEAR - it will be at 7 - 8 Million

There is also the other thing that Gears of War demonstrates, you can have a highly anticipated, high quality game released on your system that is well marketed and sells amazingly well and yet doesn't cause sales to skyrocket ... There has only been a handful of games released since the SNES days that have sold more copies than Gears of War but that didn't mean that the XBox 360 received a huge sales boost.

AAAAAHHH *head explodes*!!  Seriously, someone has got to put a message so people stop posting this crap.  This has seriously been said about 100 times.  PS2 numbers do NOT include europe/others, PS2 didn't launch in America until 7 months after launch, and PS2 was supply constrained for another 6 months.  That means that for the first 7 months (it's only just over 8 months since PS3 launch) you are comparing PS2 numbers IN JAPAN ONLY vs PS3 in every territory in the world.  That's right, PS2 in Japan only tracks very well against the PS3 right now.

i wouldn't say that...X360 sales last christmas holiday have beeen huge, much higher than during it's first christmas...if GoW wasn't a system seller tell me what is a system seller.

and BTW even if GoW wasn't a system seller (let's consider for a moment) i don't think this thing makes much of a difference from a dev point of view...when you sell 5 millions copies you are happy and willing to make a sequel.