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Two reasons...

1) its going to get even cheaper IMO. MS are clearly willing to give 360s away to stay in second place and depending upon how holiday's go and when PS3 gets a price drop (early 2009 surely) MS nmay well need to reach for price again in Europe to keep close to Sony

2) I still don't trust its reliability and to get what I think of as a decent version (HDD, etc) still costs to much for unreliable HW IMO

So I'll wait and pick one up cheap late in the gen with the few exclusives that interest me from its back catalogue.



Try to be reasonable... its easier than you think...