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I don't see why this will have that much of an effect to be honest.

In Europe the Xbox 360 has been available cheaper than the Wii (€199 vs €250) for most of the year now and about half the price of a PS3 (€199-239 vs €399-449 dependent on model) for the same time.

If those price differences won't allow them to massively outsell their competition, I don't see how a modest 20-30 euro price cut on top of the already quite low prices will suddenly make a huge difference.