As it seems, the PS3 may be delayed greatly if the 360 flops. I'm not wholly suprised. In fact I nearly predicted it a week ago at another forum talking about the profit drop for nintendo, saying that were nintendo to die, then the PS3 would as well. Without nintendo, the others would be free to jack up their prices to their heart's content.
http://arstechnica.com/news.ars/post/20050804-5170.html