And they say Europeans have no money for consumption.
While Denmark wasn't hit the hardest of the European countries it still hurt enough to scare people to hold back on purchase (consumer confidence) which is natural when your house or other property loses a lot of value.
However, right now the confidence is re-building and the new consoles is timed perfectly as is their price, the games are way to expensive, at least the suggested price is. A next gen game in Denmark costs between 90 and 110 dollars.. YEAH!
I can´t talk for other countries and i would expect spain for example to be a tough nut for MS and Sony.
Nintendo should really go for a WII-cheapU that was priced lower than the PS3 and 360. Next gen for half the price.. or something like it..