Sony won't go cheap to match Wii

It seems Sony are holding out on announcing any price cuts for their wallet-drubbing Playstation 3 console, which costs around £400 in the UK. The PS3 is expected to make losses for Sony well into next year and therefore, despite the Wii outselling the PS3 2 to 1 in the UK and reportedly 5 or 6 to 1 in Japan, there will be no price cut.

Sony are gambling everything on the Blu-ray format, the challenger to HD DVD. So far it is reported that both are making a slow start in the industry, but despite Blu ray being supported by Hollywood much more than HD DVD, Blu ray has not lifted Sony hopes yet. Playstation 3 launching has caused an increase in Blu ray movie sales, but progress is very slow.

Microsoft have their own problems at the moment, admitting to the sale of faulty Xbox 360 units which will cost them a fourtune in extended warrenty arrangements for the error message.

In comparison, Nintendo are making money hand over fist, seeing their Wii out sell the competition with authority, as well as the continued awesome success of the DS, which has been their breadwinner for some time and currently sells in DS Lite form.

Will you buy a PS3 to get a Blu ray DVD machine? Are you happy with your Wii? The debate rages on across the gaming community, with 2007 set to be a crucial year to decide who heads into this generation of the console wars with a firmly established platform.