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If 360 is $200-$300, Wii is $250, and PS3 is $400-$500, PS3 will look like the odd man out to ordinary shoppers this holiday season. Other than LBP and shortages, I don't see why parents would get their kids a PS3 this Christmas vs Last Christmas.
360 this year vs last year is $80 cheaper, and has Viva Pinata 2 and Banjo Kazooie- both $40 games.