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As TheTruthHurts! so elequently put. You reckon wrong.

Price-cuts are the absolute last resorts for game console publishers as it is a move that permanantly reduces profit by significant margins. As such, absolutely NO company will ever resort to a price-cut unless they feel they need to to keep their product competative. Sony needed a price-cut last year and Microsoft needed a price-cut this holiday season, however, Sony doesn't currently need a price-cut since it is outselling the 360 by a significant margin and has plenty of games and features to keep it competative this holiday season.