Both the PS3 and Xbox 2 are in pre-pre-PRE-development. That is, they're being talked about but nothing else. It's probably safe to say that the PS3 will come out first, given that the PS2 did too, and that the Xbox 2 will be more powerful because of the extra time.
Of course, remember that the possibility of an Xbox 2 depends entirely on the success of the first one. We should wait 'til November to start speculating.
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"The Guide is definitive. Reality is often inaccurate." - The late, lamented Douglas Adams
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