Is the PlayStation 3 Dying?

The article attributes the PS3's struggles to three key reasons: its higher price tag, no one caring that it plays Blu-Ray, and the lack of system selling software. Acknowledging the price issue, the other two fall into a much more gray area. Blu-Ray shows more signs of life with each month that passes since it won the HD format war. Netflix announced at the beginning of December that it had seen a dramatic rise in Blu-ray renters, hitting its year-end target over a month early, and that's in spite of an extra fee they added for the format. Sony Pictures Home Entertainment president David Bishop also said in a recent interview with Home Media Magazine that Blu-ray sales are growing at a rate of 200 to 300 percent over last year's figures.

Admittedly, the question of whether the PS3 has a library of must-have titles is more subjective. But dismissing Metal Gear Solid 4, LittleBIGPlanet, Resistance 1 and 2, and Uncharted alone is a little hard to swallow. Regardless, there's no denying either the momentum the Xbox 360 continues to enjoy in this head-to-head rivalry or the gargantuan sales the Wii racks up. Whatever the short-term accounting implications, the signs increasingly indicate that Sony can not afford to watch $400 PS3s sitting on shelves much longer.