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I don't get it people go on about how the 360 has had less price cut's than the PS3 despite the fact that to this day the 360 is actualy cheaper than a PS3 to purchase.

The Price Point is more important than the number of price cuts and to this day the 360 has always been at a lower price point. The reason PS3 sales spike every time there's a price cut is because it's getting nearer to the price point were consumers will desire to buy it in the masses.

It's pretty clear even at a low price point that the consumer isn't as interested in the 360 as they are the PS3 and the Wii.