Cueil on 12 April 2009
If there is a price drop it wont be significant. I can see something in the realm of 20-30 USD at most or a redesign coming out. The Arcade being thrown out for a slim and a slight reduction in price (even temporary) to around 180 or 170 USD. It really depends on Sony... if they go for broke with a 100 dollar price cut the pain wont really be on Microsoft, but on Sony's bottom line.
