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richardhutnik said:
Microsoft isn't just interested in Sony. They also now want to go after Nintendo. It would be presumptive that Microsoft would base its pricing strategy on what Sony does alone. If they feel they can gain on Nintendo by cutting prices, they will.

Like Richard here said...

Besides, market for these HD consoles is pretty much the same.

Xbox  360 advantage - attractive price, great and cheap back catalog of games, things like netflix

PS3 advantage - bluray, Playstation brand name, some big exclusives released this year