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EEPiccolo said:
Although now I'm curious. Does anybody know, or is there any place where I can find the history of the MSRP of consoles? I couldn't find anything on Wikipedia, and evidently my googlefu is weak on this subject.

If you check the "console wars" section of Wiki, it gives the price cuts of recent consoles (back to PS1/N64 I think), but you have to do some hunting in various subtopics. Older consoles are harder to find info on. I was able to do it some a few months back, but I doubt I could recreate the work right now. I had to go system by system, I think using "history" and "price cut" as parameters.

 

Anyway...

I would say that severe cuts ($100 or so) twice between two holidays should raise eyebrows. ( cut shortly before and shortly after a holiday season is not quite as unusual). This gen may be a little harder to tell when new models are rolled out with the price cuts.

 If the new 80Gig PS3 gets cut to $499, but also drops the game and controller, I wouldn't consider that too desperate (though it would start to be funny), nor if thy rolled out a "bargain" system before the holidays as that would essentially be replacing the 20 Gig model.

 With the 360, they have gone so long without a drop, and now given one so marginal, that I think a second drop before the holidays wouldn't be too far out of line unless it's in the $100 territory. After the holidays, I think a second cut almost certain.