The PS3 is selling like 11K units in Japan a week. It's outselling the 360 by like 10K units. However, in other areas of the world, the 360 is either outselling the PS3 OR getting beaten by a thousand here or there. In the U.S., it's being soundly defeated. Even in Japan, it would take a long, long time for the PS3 to even think of being in first place - why do you think Sony did price cuts and incentives in the U.S. only? They know this market matters.

Don't forget, last year the 360 had a huge boast in sales because neither Sony nor Nintendo could supply adequate numbers of systems to stores.  This (plus Gears of War) resulted in a lot of people 'settling' for a 360 instead.   Sure, a price cut will help, but Sony will not have this benefit as you can bet 360s, if not Wiis will be plentiful.   With a weaker line-up of games, they'll still finish 3rd this holiday in NA.  Now Europe is another matter and with PES 08, a comparible price and Sony loyalty (if such a thing still exists) they could come out ahead of 360 in the PAL regions

i dont think the ps3 will out sell the 360 in every country, i dont think it will in the uk,  Halo hype was everywear on tv on the radio even people who dont like playing games knew about halo so the xbox will out sell the ps3 and the uk is the biggest market in europe so its very important to win this market.

The idea that the PS3 could be saved by an unknown announcement made at E3 2008/2009 is absurd. May I remind you that while E3 has alot of power of influence that power is not only dwindling its becoming fairly innaffective.

Also what could Sony possibly announce that would have the ability to shift sales? (Lets see)

Price cut to 300$ (Wouldn't do much because the competition would also cut their prices as a responce)

Announce a new cheaper model (Same idea as above)

Announce a new model with improved features (Well its sales may recieve a slight boost but nothing monumental)

Announce a killer AAA+ solid line up (Boost sales temporarily but would not catch it up to Wii)

Announce the end of PlayStation3

Well now some may jump on my announce a killer AAA+ line-up and say that it could infact boost hardware sales. Well thats highly unlikely because any AAA+ titles that would hit the PS3 now are likely multiplatform or 1st party. Fact is even if the PS3 recieved a boost of about 10-million consoles over the next year Nintendo's Wii would likely match those sales even if it only had a mediocre line-up. The fact is casual games are pushing the Wii really hard and with the inclusion of hardcore games this fall the Wii is potentially stronger then ever.

Another narly fact. Microsoft opennly stated that they were going to kick the trend of five year console life cycles. Now think what that means? , how many years has the 360 been out now (2) with 2008 being the third year. Isn't it about that time when Microsoft begins to roll out the red carpet for its next console? I mean if the console is going to meet its projected date in 2009 then an unvieling is due within the next year which could potentially kill off any momentum such a PS3 E3 announcement could make! 

go fuck yourself neos

The gap between 360 and PS3 increases slowly, not decreases. So I say no. It's now 6 mill behind worldwide.

 woot im famous

The game most referred to as the greatest video game of all time, Ocarina of Time, could not put the Nintendo 64 anywhere near first place.

It's going to take more than just a price cut, more than just one good game, more than a new SKU to keep the PS3 from staying in last place.