Dark Chaos said:
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Nope. The answer to the hypothitical IS largely price difference. Which shows how significant a price cut COULD be. In fact, 360 is so cheap in some regions (Japan, EU) that additional price cuts may not help it generate too many more sales if PS3 drops in price and MS tries to stay ahead with yet another price cut. It's actually amazing that PS3 is pacing as well as it is in those regions, given price.
Whether Sony can or will drop the price by much this year, especially in the US, is unclear. The dollar/yen situation is bad for them right now, and may be set to get worse. Sony will probably rely on GT5 and other releases to drive sales, since they may not be able to shave $100 off the console price anytime soon. A $50 price cut and slim model may be more likely.
@twesterm: PS3 started at $600, what's your point? At the time when there's an 8 million console difference, the prices are $400 vs. $100. That's fair, though we can add more detail. What does the detail add, though?