I've heard lots of things like the PS3 will be dominated by the Wii, or that Sony is losing 2 billion just to make them, or the most famous that developers are dropping the PS3 because it's just too hard to make games for it. Then we hear that Microsoft will lower it's price for the 360 to get more buyers.
The only major problem I found that hassles every gamer that wants to buy a PS3 is the price. Of course most aren't going to buy the $500 one because
of a 40GB difference in HDD, and no wifi, and no memory card reader, and no HDMI. It just SCREAMS don't buy me! I don't know why Sony even bothers to make them.
So the gamer looks towards the next best thing, the Wii. Fun, compact, and entertaining. Everything a person needs to have friends over to play with. Yet, how long can you play a game on it without getting tired. Looks like Miyamoto forgot to turn off the wiimote's pointer ability for a bit.
Honestly I think that the PS3 will have a very slow start. But it will dominate in the end. Take now for instance, how many people don't own both a PS2 and a Xbox. Hell most people even have a Gamecube just to play Resident Evil, I know I do. As for the 360 it still has the biggest problem any system can have. No really good games that you can just play over and over again. So if you ask me it is going to be a real interesting holiday season.