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I don't agree.

A $399 MSRP would put it on par with the PS4, even if it was untethered from Kinect. Technically, the consumer would still be buying a slightly lower spec console, but that's not as important as the library of titles, particularly the exclusives.

It's a bit ridiculous to think that MS would have to resort to dumping the XB1 at $350 to make it competitive.

Maybe to Playstation brand fans who want to pick up one on the cheap as a secondary console, but if consumers are only choosing one without any sort of brand favoritism, a $399 MSRP will simply have them comparing platform exclusives and features. Value-wise they would be perceived very equally.