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wont effect sony at all i think the consumers worldwide realize your better off buying a ps3 not only for the diversity in games but the hardware is much better and its free online , either way ps3 is up like 40- 50k a week over 360 and they are almost selling evenly in NA.

look what happened with nintendo price cut didnt affect much of anything and the 360 isnt a very large machine to begin with its loud as a hairdryer thats what they need to fix , the fan and the failure rate.

software will continue to sell these machines and sony is pumping out way more diverse games in quality and quantity plus xbox wont have a bluray so the future of the larger titles are always going to be multiple discs and lower quality.

i own a 360 but in no way can i say its better in anyway then a ps3 im not an idiot i see the quality in front of my face from both platforms from games to the interface and hands down ps3 is the smarter , neater , classier, more powerful, much more quiet, more future proof machine im not a fanboy in anyway i own bayonetta and odst on 360 i just know better when i see it