If I were in Sony's shoes right now here's what I would do.
1)I would continue production of the 60 gb model and end the 80 gb model and bundle it with an HDMI cable and rumble sixaxis controllers
2) Pay many important developers too stay exclusive ,like Soul Calibur 4, Assasin's creed, Unreal tournament and amp up the production of first party games. I would steal alot of franchises. Like Bioshock and Dead or Alive. Have square make a remake of FF7 and have it exlusive only on the PS3 and strive to bring back old franchises like PowerStone and Panzeer Dragon have them all exclusive.
3) MAke sure Home has all the features of Live and more and try to keep it cheap or free and have nearly all my games online capatible or have some online functionality.
4) Work with developers to maximize full potential of games ( already doing this)
5) I would copy Microsoft on Customization of system.
6 ) More games will support High definition.
7) Cut the price by 50$ this holiday season on 60 gb.
All this would increase the userbase drastically which is really the most important thing right now.
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