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NightstrikerX said:
Xbox 360 still has a lot of options to it, Although your idea of 1 free year of xbox live gold has some merit. Although 1 free year is too much, I can see them including a 14 day, or 1 month trial with every Xbox Pro and Elite to help boost sales of Xbox Live Gold.

I don't think Microsoft would accept defeat from a simple price-drop. Obviously Microsoft knows that sony has a price-cut lined up and will have they're own options to counter it.

Every Xbox already ships with the ability to create three free 1-month gold accounts (basically, if you decline gold - it offers you a 1 month free trial anyway, and it will do this for three accounts per box.)  It's been this way all along.