Re: CNN: "PS3 is dying on the shelves"
I think Sony made quite a few mistakes, ultimately though I think those mistakes were a result of a misplaced confidence/arrogance regarding the strength of the 'Playstation' brand. They were willing to wait and ship a more expensive console because they thought the vast majority of gamers associated themselves and the games they like to play with the Playstation.
Obviously though, the 360 had a strong line-up for a good amount of time before the PS3 came up and the brand identity of the xbox also rose. So it was a much smaller amount of people who waited for the Playstation simply because it was a Playstation.
They do need to cut the price, drastically.
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