Sony is predicting that the PS3 is going to do better, in terms of lifetime sales, that the PS2.

SCEE president David Reeves has told journalists that, despite its slow start, the PS3 could be the biggest money spinner for the company long term.

Reeves related: "The PS3 install base is growing faster that the PS2's was at this point in its lifecycle".

"The next five years are going to be turbulent. But I think it is going to be the most exciting period that we have ever seen in the past ten years of video games."

But how is the PS3 going to do against rival consoles over its lifetime?

Reeves didn't touch on this, although recognising the increasing competition the PS3 is facing.

It may just be a case of time will tell.