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This makes absolutely no sense whatsoever.

The 360 just had a price cut six months ago which effectively made it cheaper than the Wii, and yet, it's still in last place in Europe week after week, so what makes MS think that shaving off another measly 30 euros is going to make a difference?

It should be pretty clear to MS that the price isn't what's killing the 360 in Europe/Others, it's overall consumer demand for their product.

Even if by some miracle this actually worked, they would still end up in the same position that they were in last generation, it's just that Sony and Nintendo would have switched places. Is a distant second place really worth losing money for all of time?

 

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