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shams said: The 360 has definitely lost some momentum - but this was inevitiable when the other consoles would be released. What MS has done wisely is delay/hold back several key titles - until the mid of this year. That will help the 360 regain momentum once the release hype over the Wii / Ps3 dies down.
I would even say the Xbox hasn't even started the fight yet. Microsoft did not move because they don't need to. They simply waited and lowered their costs. I think they simpy wait for their processor shrinking and then lower the prices to get most out of the next holiday sales. If Sony does not react they will loose market share, if they try to compete they will be in big trouble with their investors. Instead Sony obviously wants to cut their losses in Europe. Their normal price is about 600 Euro (792 $) although this version no longer contains the hardware compability to the PS-2, while some stores plan to sell the premium Xbox for 300 Euro. For PGR3 , Kameo, a second wireless controller and three months Xbox live add another 30 Euro. Due to the strong Euro the losses are probably minimal (300 Euro are 396 $ although you must acknoledge that these prices include tax). Although this is a sale I would not be surprised if this is in fact a pre trial for the coming price cuts in the next few months. If the Core would get the same price cut it would even be cheaper than the Wii (250 Euro) and would be in the main stream price corridor. So I would say: dead in Europe? Not quite, in fact Sony might get into interesting times.