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I think there will be an increase in sales, but not as drastic as the PS3's increase was.

My reasoning is that I don't think there were tons of people holding out on buying a 360 until there was a price drop.

I'm a PS3 owner, but a lot of 360 owners I know bought it within the last 6 months or so because the game lineup is looking good. They didn't mind plunking down $399 at the time, so like I said I don't think there were a lot of holdouts. Of course this is just my opinion, I may be wrong and there might be lots of people that were waiting just for this pricecut. :?