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Is there some law that says Microsoft can't drop their price again on some of their bigger SKUs?

Microsoft has finally gotten a hold of the Western markets over Sony, I don't see them just rolling over. And I don't even like Microsoft, but that's just not their M.O.

They didn't invest all that money into the XBox brand to finally get the lead they want to fold because Sony has Unchartered 2 and makes a price cut. 

Not even close. Microsoft has fought Sony tooth and nail for every step this gen, do not even for a second think that MS will let Sony off the hook that easy.