Again, GLOBAL... GEE... ELLL... OOHH... BEE... AYY...ELLL
To say MS was a newcomer though is forgetting how much clout they had as a good operating system and programmer of software. They not only had one of the biggest and richest companies, but they had a good rapport with a lot of gaming companies due to DirectX.
If any company needs to learn something, it's Nintendo. They are just holding onto the past it seems.
And despite all that clout, everyone thought the original Xbox was going to be DOA. They've just been doing things right, and for some reason people think because Sony's ahead by a small amount that they've done something wrong all of a sudden.