Wii

There was a time when the PlayStation 3 couldn't hope to compete with the Wii, and the PSP never got close to the DS. It was just out of the realm of possibility; the gap every week and every month was just downright gigantic.

According to a new report from Media Control GfK International (cited by Video Business), global sales of video game software reached $32 billion last year, growing 20 percent in large part thanks to the booming Wii business. At the same time, sales of DVDs and Blu-ray movies combined fell by six percent,

Microsoft has dropped the price of its Xbox 360 entry level gaming console. Starting this Friday, Sept. 5, the Xbox 360 Arcade will retail for $199, the Xbox 360 will sell for $299, and the Xbox 360 Elite will retail for $399. The Xbox 360 Arcade is now less expensive than the most popular gaming console Wii.

Ferrari Challenge Trofeo Pirelli is a re-creation of Ferrari's own racing series, where drivers unleash the world's most powerful, elegant cars on premiere international race tracks. The title was given a uniquely magical touch from GP2 driver Bruno Senna, nephew of F1 legend Ayrton, who acted as technical consultant on the game's handling.