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Words Of Wisdom said:
However, this generation doesn't have that. This generation has two low-priced competitors versus a high-priced competitor. The Wii easily differentiates itself with its games, its IR/motion controls, and it's price-point which, at one point, was the lowest of the three. The 360 differentiates itself with the lowest entry price-point and quite a few features the Wii isn't capable of. The PS3 can't differentiate itself based on price so it has to rely on exclusives and other features.
So, to answer the question, exclusives are very important to the Wii and PS3 but less important to the 360.
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I disagree with some of what you said. Mainly the very last bit. I agree that exclusives are not as important now as previous generations but are still relatively important.
Even without exclusives the wii would sell well because it offers something the others can't, the unique controller. It sells far better than the other two consoles. If Exclusives like Wii Fit and Mario is the reason for these higher sales then in a way it proves that exclusives do matter a whole lot but that's debatable.
Of the HD consoles the x360 really can't offer anything the PS3 can't.
The PS3 can brag blu-ray and built in wireless etc that the xbox360 can't. It is known that some buy the PS3 just for blu-ray (I don't know of anyone personally that did).
It then comes down to price and as the cheapest console the x360 should have an advantage but still can't even get close to the wii in sales.
Without having anything really unique to offer that the others can't I think the x360 needs exclusives more than the wii and the PS3. Why do you think it is so cheap?
That's just my opinion.