Look back to the DC launch, Sony was saying the PS2 was the next best thing since sliced bread and the hype said it would put Sega out of buisines. Did that happen?
Microsoft will bring their system out and have as much success as everybody else, and next generation they will be a respected member of the gaming community, just like Sony. The American consumer will not be stupid enough to let anyone dominate again like they let Sony hold a practical (yes they did) monopoly over the gaming industry. I don\'t think anyone wants to see the sheer amount of mediocrity that plauged a lot of PSX software and the increased competition of Sega, Nintendo, and now Microsoft will put that problem to an end.
This generation will not be handed to Sony on a silver platter this time and us, the consumers, will be the true victors this generation. We have arrived people, lets just enjoy ourselves instead of arguing like children.