Sony's new plan for video and music everywhere

Sony's (SNE) CEO Howard Stringer is running out of time and options to turn his company around. The PS3 franchise has faced strong competition from the Nintendo Wii and Microsoft (MSFT) Xbox 360. Sony's TV screen and digital camera businesses have been hurt by price competition that has driven down margins. And it's also facing a problem it can't solve by better management or better products: A weak dollars is eroding its chance to return to profitability.