I used to be an XBox hater, but I've got out of that mindset now, becuase the XBox gives us a win-win situation!
The way I see it is that if XBox sells well, then even more good games will come out for it, and games for my beloved PS2 will have to get better due to competition. But if the XBox does badly, then whammo! Price drop! XBox and Munch for half-price!
Although to keep on topic, I really don't think Sony has anything to fear; the PS2 is too popular to do badly. While it's true that sales of PS2 are getting lower, that's only becuase the machine is so good that virtually everyone who wants one has already got one. And Sony, like Microsoft, will get its profits from the games, not the console, and since the PS2 is becoming such a popular choice for game developers, due to its popularity with the public, I don't see how Sony can lose. Even if Microsoft outsells them, there's no way Sony are going to go out of business or anything.
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Hand me my flamethrower... it's the one that says 'Bad Motherfucker'.
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