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NJ5 said:
I am 50/50 split between you being right and the price cuts being a bit bigger (something like $130/$200/$270).

 

But why would MS make a drastic price drop like that all of a sudden? All the X360 price drops so far have been small, both in Europe and NA, the X360 is selling well and no one (at least not you NJ5) believes in a heavy PS3 price drop.