Sony has promised 380 new Playstation 3 games in this business year to help boost sales of the third-place console. This comes out of financial meetings the company held in Japan. The expensive new console came out much alter than Microsoft's Xbox 360 and to much less critical acclaim than Nintendo's Wii. This one two punch has left Sony reeling on a console they were already selling at a loss.

Of note, there has been an interesting turn in mainstream reporting on the "console wars". It seems like the Xbox 360 has middle-child syndrome. There are lots of articles about how great the Wii is doing and how badly the Playstation 3 trails the Wii, but the articles rarely even mention the Xbox 360 anymore. Strange.

There are about 150 games currently available for the PS3, including online titles.

Sony Chief Executive Howard Stringer said at the annual shareholders' meeting that the company will review its dividend policy once it has achieved its profitability target for the year to March 2008, raising the possibility of future dividend hikes.

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