I think what we're not seeing right now is that the X360 and the PS3 will become much more competitive in the future.
The X360 has some MAJOR titles in the pipes for 2007 2008 which, though they may be more hardcore stuff, are VERY epic, VERY impressive. I anticipate that not only Halo 3, but also Alan Wake, Mass Effect, and others will be landmark hardcore hits. (this is viewing things objectively without the bald space marine bias applied)
The PS3 will also inspire third parties to sell their souls to bleeding edge tech, and Naughty Dog's next game could be potentially AMAZING if it pulls off its promise. And of course, FFXIII will be a HUGE achievement and definitely a system seller, as will MGS 4. And we've yet to see what happens when God of War 3 or the next David Jaffe game lands on that monster, or how amazing Heavenly Sword or Lair will be to see in motion. PS3 will be playing catch-up, but there's no question that they've got a slate of really ambitious projects that promise to impress almost ANY observer.
And of course, you've got the X360/PS3 games that won't appear on the Wii: BioShock, and Oblivion for starters. Also, the Wii as of yet has no announced plans for Guitar Heroes (amazing game) or DDR (NO DDR ARE THEY CRAZY?!?!?!). AND until Nintendo does something on the karaoke front, Signstar will be the PS3's seller in Europe and the X360 has Karaoke Revolution, I believe.
I see plenty of competition for the Wii out in the distance. This is why one of my lingering worries is the Wii's software lineup in fall 2007 (are ANY third party games slated for Fall '07?!?!?! Will Fall '07 be bombarded by non-games and third party "kiddie" titles like Sims Wii and Harvest Moon?!?!?) and ESPECIALLY into 2008.
~Carmine "Cai" M. Red
Kairon@aol.com