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i think there isnt really a need for a price cut but its would be nice. at $400 you get really good features compared to the 360. microsoft makes the 360 looks likes its cheaper but its not really. the xbox 360 does let you choose the features unlike the ps3 which automatically charges you.

im just waiting for the 45nm ps3 coming 2009.... could be a slim version too... i believe in future proof so im waiting :p