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Yep, I'd have to agree mostly. $50 is definitely worth the Bluray drive alone. Let alone you get wifi and 20gb more. The other differences are either non-existent or highly debatable.

Now that the mutliplat games are basically equal between the two and the PS3 having more features, 360 really needs to be at least $100 less. Otherwise people with an HDTv are just not informed if they purchase a 360 over the PS3. Soon, they will have the same DLC and you get the Bluray player in the PS3.

As for exclusives go, meh. I personally really only care for Nintendo's exclusives. I could buy 360's on the PC and think there are only a couple on the PS3 I would really like. God of War, MGS4, ... I am not too sure on the others.

But yeah, I still think that once the 20gb models are gone, MS will drop the price to $299 for the 'new' premium model. Thus probably $199/$229 for the arcade and $379/$399 for the elite. This should happen before October.