On the other hand, our PSP had cost 25,000 yen ($229). But people lined up overnight to buy it, and it sold out on the day of its launch. It all depends on whether people want it. Of course, I'm confident that the PS3 is a product that people will definitely want."
Yeah and look at where it is now compared to NDS. It has only managed to sell half the numbers as the NDS while being released at the same time. Going by this trend PS3 which is releasing after X360 at a higher price doesn't look too good at all.