My, how the tables have turned. Long the laughing stock in the current generation video game war, Sony's PS3 is suddenly coming on strong:

With the PlayStation 3 edging out the Xbox 360 in sales for the second straight month, SCEA is feeling quite good about the state of PlayStation.

Sony [is] boasting about the PS3 outselling the Xbox 360 for the second consecutive month. The PlayStation brand in general also generated the most retail revenue in the U.S for the second consecutive month.

"Consumers are recognizing the tremendous value of PS3 and we believe that Blu-ray becoming the high-def format of choice was the tipping point for many consumers. With monster titles like Gran Turismo 5 Prologue and Grand Theft Auto IV launching in April and Metal Gear Solid 4 in June, we're demonstrating this is the year for PS3," said a very pleased Jack Tretton, president and CEO, Sony Computer Entertainment America.

PLAYSTATION 3 (PS3) outsold Xbox 360 for the second straight month with 280,841 hardware units sold in February, 10% higher than Microsoft (according to NPD February 2008 sales data). Year-over-year this represents 120% sales growth.