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well, by looking at the stock market and currency rates, cutting 50$ will be more like cutting 100$ and they already make a negative on each console.

They are doing well enough without a price cut. Strategically, if there is one coming, it will be after 360 sales have started to decline. (post holidays) Strategically this will help solidify an entire years worth of being in 2nd place, just like this past year, which helps increase sales by word of mouth,interest, and artificially created demand.

However, if they were to cut prices by 50$ and throw in two games bundled, say r&c and uncharted and a BR movie, I think sales would increase anywhere from 10-15%