Zkuq on 04 December 2008
It would be an epic win for Sony for the rest of the generation. That's simply because the cut would be huge and Sony would still have room for more cuts later. MS would surely try to make a cut, too, if the PS3 gained momentum. They, however, don't have very much room for cuts unless they plan to go below $100/€100.
Oh, and a cut to $2999/€299 is very unlikely to happen as they're losing money even now and the bad situation of global economy has made their losses even greater.
