No, it won't "cement" it, but it will help. I expect the PS3 to keep creeping up on the 360 until the new Xbox is released. The question remains whether MS will be able to maintain a lead up until that point.
A price drop is badly needed in America. If MS is to offset Sony's advantage in Japan and Europe, they need American sales to jump again... The market for a $350 Xbox is stagnating in this country. But, if a price drop succeeds, it will be because of the 60GB model, not the Arcade.

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