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MS is not going to do another price cut before Xmas. If they were planning on decreasing the price by $100, then they'd have done it all at once instead of doing a lousy $50 nearly two years after launch.

Another price cut in 2-3 months might actually backfire as people might think they'll do yet another cut soon after and hold off on a purchase, and it would make the Core and Elite look even more worthless.

I doubt there'd have been a cut at all had it not been for the PS3 price drop and the 360 hardware issues, and that explains why it's only $50.

 

Consoles owned: Saturn, Dreamcast, PS1, PS2, PSP, DS, PS3