We can all hope, can’t we?
But seriously, having put more thought into it, 2008 indeed seems to be Sony’s serious attempt to retake the lead from Nintendo.
Grand Theft Auto 4, Devil May Cry 3 and Metal Gear Solid 4 are heavy blockbusters. Not to mention Final Fantasy 13.
On the PSP front there’s Wild Arms XF, Final Fantasy 7: Crisis Core, and God of War.
However its still too early to discount what Nintendo has planned as a counter attack. Since they won the Xmas rush, the Big N can afford to take the rest of the year to develop titles for Fall/Winter. It’s Sony who needs to put out these “killer games” ASAP to get enough momentum and not be left behind. Thus while Sony is going all out right now, they may very well burn themselves out.
I do like how a lot of companies have “split” their libraries between the systems. For example, while Sony gets Final Fantasy from Square-Enix, they’re giving Nintendo the Dragon Quest. From another prospective, Konami is focusing all their 2D titles on the DS, while putting the 3D on PSP. It lets dev teams who prefer one style (or system) over the other, have better room for creativity.