Everyone is feeling the crunch of the spiraling economy, and everybody's tightening their belts just a little bit more, especially this holidays. But what does corporate giant Sony feel about all this, particularly in their gaming department?

Asked by MTV Multiplayer's Patrick Klepek, John Koller, head of hardware marketing for SCEA, responds:

Good question, given the reality of how things are from a macro perspective. First off, I want to say that we're very bullish on sales for this holiday season and beyond. In fact, we're very excited about the numbers we've been seeing coming in. There's a lot of talk about whether gaming is recession proof. I'm not sure I can answer that. I can say the PS3 is selling extremely well. Maybe those rumors about people forgoing vacations for gaming might be coming true a little bit here.

Actually, if I might just say. People are not forgoing vacations for gaming. They're forgoing vacations because they don't have money to burn.

Anyway, maybe if they give us that long-awaited price cut for the PS3, sales will be even better this season? Last week's NPD results show the PS3 trailing behind the Wii, DS, Xbox 360 and even it's own little bro, the PSP, in hardware sales.

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