From the Official Xbox Mag:
"Kunitake Ando, President and COO of Sony, said during a recent interview with
The Financial Times That the Xbox could force his company to Push Forward it's timeline for realeasing the PS3. Ando Said 'The Biggest threat to the PS2 is that the Xbox changes the industry's Life cycle.' He also Hinted that Sony now views Microsoft's game Console as the Prime Compeititor to the PS2, considering the Sluggish launch of The GC in Japan."
My comment is:

I used to be a Sony gamer before the Xbox, Loyally playing PS1... I'm glad that Sony Now views Microsoft as a compeititor because that means better quality games, and better online plans.