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So I think I'll go away and leave more room in it for you.
i personally think that nintendo or microsoft will have a hard time competing with sony due to the fact that the PS2 will have been out about 18 months (and 2 christmas's) before either GC or X box hits europe. Sony, despite a bit of a shakey euro release are on target with their projected sales figures. as of march it was 10,000,000 PS2's sold worldwide.
both companys will have to go great guns just to stay in the race