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Price drop on one console, more for same cost on another. Plenty of Exclusives and 3rd party games, rumors and fables, hype and more hype, tit for tat and this is the story of the 360 and PS3. 

IMO it won't be this year, but next year that Sony catches up and takes over. I don't see Sony losing momentum at the moment. Looks like the swap over from 360 to PS3 has begun.

I have spoken to several people who bought the 360 as a time pass console until the ps3 was released. Some stuck by the 360 until PS3 had more games and then changed over, the others stood by and awaited a price drop whilst some others waited for blu ray to be the format winner before they purchased a PS3. It seems everyday, more of these former PS2 owners are given reason to change over. If Sony announce another price drop, it will be all over for the 360. They will come in 3rd place this generation. It's just a matter of time.