the price cut had a positive effect, but nobody can honestly say that the weekly sales gap the 360 currently has over the ps3 will remain that large (or small), the cut effect is wearing off in all regions very slowly every week (looking at sales data will help prove this) and it could be back to square one again pretty soon.
i'd personally prefer it if sony did not react to the price cut, but if sales do hold up in favour of the 360 (which i doubt), then sony may be forced to react and cut their prices as well. which i think is a bad move right now. sales are pretty good for the ps3 with its price compared to the 360. if they could hold out until next year after the christmas storm, or even until a big exclusive is released next year. it would benefit them much more.
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