The truth, especially in NA is that the more Xbox 360s that are sold the more Sonys online services (Home/PSN) are devalued. There is a very real network effect going on here which means that as the 360 continues to outsell the PS3 the value of Xbox Live even at the $50 pricepoint increases relative to Sonys offerings.
Essentially it may be free, but if your friends don't use it but they use Xbox Live its worthless.
The same effect must be going on in Europe, the network effect is increasing and it will get old Xbox 360 users on Live and it will get new users to join. Essentially the more Xbox 360s Microsoft sells the more Live subcriptions and more importantly the greater % of live subscriptions to existing customers.
Tease.







