I honestly don't know why the Wii is doing so well, I admit I wanted one when I first saw it and had the money to buy one but the first time I saw one was in March and its appeal had worn off to me anyway. Other than Zelda I haven't seen anything worth getting on the Wii. It'll be another year and a half or two before there is (if or at all) alot of online games for the Wii other than virtual console titles are out. I will say I haven't been keeping to up on the news of the Wii so some of what I said could be wrong.
As for the 360 I read in my local paper the other day that they're having to spend an extra billion dollars on all the red circle of death problems they'
ve also never really said why the console does that. The article also said the 360 part of microsoft had been losing money pretty steady becuase of the red circle. A few weeks back I read on IGN that there is no price drop for the 360 in the near future. So I don't think microsoft is going to be moving up or down on the scale for at least a year and a half.
As for the PS3 if they can actually get more than two games out for the 600 dollar paper weight, they might actually see some good things happening. I was looking around online the other day and saw MGS4 has been delayed again. Its not good when "Launch titles" come out a year or years after the launch of the console. There is one more thing to think about the PS3 it'll be coming up on 1 year old soon and with that comes problems.
I still haven't taken the step into the next generation yet. I'm waiting for this X-mas to make my move because there is nothing out for any of the new consoles that interest me enough to drop 300 to 600 bones. Blue Dragon looks awesome but I want Tools of Destruction R&C, and Jak and Daxter: Lost frontier (whenever they might get that out)