Things have been looking up for the PS3 as of late. Though the loss of exclusivity hasn't been very positive, the solid launch in Europe, the introduction of some new ideas and approaches, and the announcement of some awesome titles for the future have all been instrumental in helping Sony recover from a rough launch.
However, the company still isn't completely out of the woods yet—especially not after the recent announcement on the part of Eidos stating that most PS3 titles would be held back until 2008 due to the lack of a solid installed base. A statement issued by the firm addressing the interim results for the end of last year was coupled with the thoughts of CEO Jane Cavanagh, who spoke about her company's cautious approach to producing PS3 software:
We believe that PlayStation 3 will be a successful platform, and are developing technology and products for this console. However, as we do not believe that the installed base will be high enough until the second half of our 2008 financial year, most of our major product releases on the PlayStation 3 platform are not scheduled before that date.
Though Eidos isn't the most prominent European developer—noteworthy releases for 2006 included the surprisingly decent Just Cause, Tomb Raider: Legend and Hitman: Blood Money—this may set a dangerous precedent for other developers. If Sony doesn't step up to become more proactive at keeping the flow of good games steady, the installed base may not continue to grow quickly enough and developers may begin to pull support, creating a lack of games. This vicious cycle is hard to escape, as Sony has previously learned with the PSP's port problem. Let's hope this isn't the start of a horrendous trend.