Neither Sony nor MS is competing well with Nintendo here...I mean you guys who are saying anything like "360 is winning" are the same as the people yelling "OMG Xbox is ahead of Gamecube!"
When one console hits higher total sales then both competitors combined (which the Wii is JUST short of now) it kind of becomes irrelevant how 2nd place is going.
Look at the numbers, PS3 is selling almost identically to the 360 over the entire year (there might be a million console diferential after the 360 price drop but that's it) and the 360 sales are more or less flat 08 vs 07 when they should be accelerating (at least for winning consoles they accelerate at this time). The PS3 sales have doubled since last year, but they were so bad in 07 they more or less HAD to double for Sony to stay in it.
The story is more or less the same as last gen except Wii=PS2 while Xbox 360 and PS3 are Gamecube and Xbox. Who will be gamecube and who will be Xbox at the end of this gen is an open question, but it seems pretty clear neither is going to be the PS2.
I still think the PS3 has the better chance because it has room to grow (IE it can drop the price multiple times to stimulate demand) while the 360 is already at bargain basement prices and that has failed to accelerate demand. That after dropping to 199 the 360 is selling slightly worse then last year while the Wii has more then doubled in sales shows that there isn't much (if anything) the 360 can do when it comes to making any kind of a play for the sort of serious sales that get a console to 100 million. We won't know whether the PS3 can make that goal until it gets down to a 250ish price (the PS2 didn't take off till it hit 199).
PSN ID: ChosenOne feel free to add me