interesting question, i have to give my 2 cent to this.
i don't think we will see again what happened this generation. if you look at the past, every gaming company that was at the top got arrogant and lost it's market share, this happened to sega, to atari, last but not least in the terms of the gamecube, it happened to nintendo too. and this time it's sony's turn. if you listen to what kutaragi talks; it's sheer madness. no, people won't work longer to buy his "gadget". for many people it's still "only a gaming machine", no matter if it plays blue ray and dvds.
the revolution, however, is different. when i talk to people about the revo who didn't know about it before, they are amazed when i tell them about the revo's controlling technique. the revo will outstand the other consoles because of it's uniqueness. an example: my parents can't differ a playstation from an xbox or a gamecube, but when i mention the word revolution they know what i mean, because it attracts them. the same with the ds. non gamers are not attracted watching me playing the minish cap on the ds, but they instantly started taking away the ds and playing with it when nintendogs was inserted.
and yet, this isn't everything. we haven't seen yet the graphics of the revo. if no one can differ the graphics from a ps3 and from a revo on a normal (non hdtv!) tv screen, but one will have unique plus standard controls and a price that's the third from the other, additionally look more stylish and given the option to download games, which one might get chosen?
and don't forget, there's not everything revealed yet...
long talk, short prediction: the revolution will be fucking awesome, the ps3 will fail because of it's price and shortage of games (you know how hard it is to develop a game for a console with 7 cpus? i don't ^^) and the x360 will become the standard "console" with average games. so there you have it.