http://www.crunchgear.com/2009/01/30/ps3-doing-fine-no-price-drop-in-sight-psp-is-worrying-says-european-scee-boss/

According to Reeves, the PS3 met all expectations in Q3, which entailed 10-million sell-in. That figure doesn’t cover actual consumer sales, though. Just what was shipped to stores.

There’s more talk about Sony having a larger ‘install base’ in Europe than the NPD numbers reveal and they’re actual neck-and-neck with the Xbox 360.

Reeves also says not to expect a price drop in the short or medium term. He even admits that the console is expensive, but that a price drop could occur if the cost of manufacturing comes down.

Exclusives were also mentioned and Sony doesn’t seem too worried about it. In the US, GTA IV sold roughly 3.3 million Xbox 360 copies while 1.9 million units were sold for the PS3. They’re also not worried about Konami making Metal Gear Solid a multi-platform title. In fact, he eludes to the fact that publishers should do whatever they want to do and Sony is just going to have to “stand on our own two feet.”

Reeves is worried about the future of the PSP, but basically says the publishers have too many platforms to work on. He thinks many of them will eventually come back, though.

     -Is this a good spin?  or is he telling the truth?

Sensationalistic headline from Crunchgear, but here's what Reeves actually said about PSP in the original Eurogamer interview:

"David Reeves: The competition has been such that publishers have had four consoles, plus PC, to publish for. They did not put their chips on PSP, certainly in the US and Europe.

In Japan, a lot of publishers put their chips on PSP. So games like Monster Hunter, Phantasy Star Portable and Dissidia have caused enormous spikes for PSP in Japan. But there haven't been big platform drivers in Europe.

Now I can look you in the face and say, the line-up for PSP in 2009 is two or three times stronger than it was last year. We ran out of steam on games around August, September last year. We didn't have a Monster Hunter or a Dissidia. But probably from March to July, you're going to see that type of thing starting to kick in. '

Also, something else PSP related that Crunch Gear article completely missed:

Eurogamer: Back in 2007, you said it was "definitely possible later" that we could see a PSP with a built-in hard drive. Now it's 2009, are we talking sooner rather than later?

David Reeves: It's still possible, but it's going to be later rather than sooner.

Eurogamer: Not this year, then?

David Reeves: No, I'm not saying that. You didn't give me your timeline - whether it's minutes, weeks, months or years...

Eurogamer: Is it minutes, weeks, months or years?

David Reeves: There is no timeframe. I stand by what I said. It is possible, yes, to have a fixed hard drive or flash memory. But what's happened is, the rate at which memory stick prices have come down have surprised everyone.

"There’s more talk about Sony having a larger ‘install base’ in Europe than the NPD numbers reveal and they’re actual neck-and-neck with the Xbox 360."

NPD Europe PS3 numbers = 0
Actual Europe PS3 numbers = higher than that

NPD does not track Europe!!

I like this guy

he's, for the most part, more forthcoming about the state
of Sony's console family than many others I've heard lately.

I'm glad that the PSP will be getting some games as well :)

psp is getting destroyed by DS in sales, its about time PSP gets a price cut

the psp and ps3 are doing better then what people give them credit for

Im shocked how good the PSP is doing actually... I personally dont know a single person with a PSP, tho almost everyone I know has a 360/PS3 or Wii

Kudos to the PSP for selling so well, Id love to get one myself, mostly for portable video/music playing, but then I also want the Sony XPERIA :/

Wow, I agree with Reeves