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There are more than price working against SOny. One is the demographics, if an avergae American were told to a PS3 or 360 they would get a 360 for one simple reason;

Microsoft is AN AMERICAN COMPANY. And A LOT of americans play video games. ANd a lack of advertising from SOny in America really doesn't help them either. 

The price drop will help, but they won't catch microsoft till 2011, at least.