[Edit] Kaz Hirai: 380 PS3 titles by March '08? Unlikely.
That's according to this Reuter's article. To quote:
Sony Computer Entertainment (SCE) President Kazuo Hirai was quoted by the Nikkei newspaper as saying that 200 software titles and 180 download-only titles would be released for the PS3 in the current business year to next March.
At present, there are 60 software titles and 50 download-only titles available for the PS3 worldwide, the newspaper said.
Seems pretty aggressive to me considering the six month timeframe. That would mean Sony would need to release 33.3 retail titles a month to hit this target. If you include the download-only titles, Sony would need to release 63.3 titles a month to achieve this. (It's worth noting this is just a simple average, and the majority of these sales are going to happen in the peak holiday sales months of November and December.)
I'm not doubting that we'll see plenty more titles this holiday - that's almost a given with a $100 PS3 price cut pretty much assumed by the industry. But I'll bet when we look back at the number of titles released next year it won't be anywhere near these projections.
[Edit: Folks pointed out a clarification from Sony that states only 145 titles will be coming to the US by March 2008; 105 boxed retail games, and 40 Playstation Network games. Still aggressive - that's 24 titles a month. But you can squint and maybe see getting close if you count all the multi-platform SKUs (which I'm sure they are).]