At the Electronic Entertainment Expo last week, Nintendo designer Shigeru Miyamoto played a match of Tennis with film director Steven Spielberg on Nintendo's new game console called Wii

"I think Peter Moore is exactly right," Harrison said. "I think Nintendo will be the second system consumers purchase after PlayStation 3. I haven't had a chance to check out the Wii myself, but Nintendo has a great history of innovation and has always done great things for gaming and long may they do so."

The high-profile Sony executive also took note of Peter Moore's subtle jab at the PS3's 500 to 600-dollar price tag, where Moore said that Microsoft's Xbox 360 and Wii could be bought for the same price as one of Sony's next-generation consoles.

"I know what Peter [Moore] was getting at with his price point issue," Harrison admitted, "but he's not comparing apples to oranges. He's not even comparing the same kind of food products at all. It's clearly a case that PlayStation 3's price is justified by PlayStation 3's value. That's what consumers base their purchasing decisions on -- value."