The release of the 360 was disastrous for Microsoft--Nobody bought it and half of them were broken.
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Umm....no? lol
I think none of them are competitive at all. Sony is going towards the Blu-Ray nonsense and ultra HiDef, Microsoft is working towards getting those 12-13yr olds in xbox live with their parent's credit cards, and nintendo just wants the younger kids and grownups to be able to play on one system together.