""They won't drop to $300 if they want to make a profit at some point.""
==> they are already making a profit on their gaming division...
""And 360 and Wii would drop their prices as well, making the cut much less useful.""
==> A price drop is never useless except when ur console is already dead.
That is not the case of any of the next-gen console.
""Sony is doomed to abysmal American sales, ""
last week, PS3 did 50k in NA when the Xbox360 did 80k counting the cheap arcade model (that account for 20% of the sales)
dont worry man, u will eat ur crow very soon
Time to Work !