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Yep the X360 costs less than half the ps3 price in australia.
ps3 sells for $680 and the X360 is only $270
but the interesting one is the Wii which is around $400 which is thrashing them both - obviously the price advantage on the PS3 explains part the story , but the X360 is also being thrashed by the Wii yet it costs less.
I think the Ps3 is doing very good sales at it;s price point and sony dont mind slipping a few % down on the x360 it seems. Wii of course has MS and Sony completly confounded and eating dust.
In terms of Hardware $ sales Sony is pullin in more $ than MS , and very likely a $100 price reduction will come close to even up sales numbers and pull the overall hardware $ very strongly in sonys favour (compared to MS only). Certainly i think just like with the nintendo Wii that sony PS3 will outsell or match the X360 even at a higher price simply because it is seen as better value buy many people.
Still MS make up $ on software sales and really seem to be prepared to sacrifice big losses on the hardware to try and gain a numbers or placement advantage, probably with the hope of doing well in the next generation (i.e. actually making a good profit ).



PS3 number 1 fan