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RPG said:

Yeah read about this, guy has been correct many times before. The PS3 price cut was a given however another 360 price cut is something I did not expect. Needless to say both will get a boost in sales and we will finally be in a position where people will be able to choose between both consoles with price being much less of a deciding factor.

Yes I know the 360 is also getting a price cut however fact of the matter is that the PS3 will be cheaper and many more will be willing to bite the bullet. GT5 this year is so likely now I would be willing to bet against anybody.

PS3 Slim + FFXIII in Japan = :D
PS3 Slim + GT5 in EU = :D
360 price cut + Halo: ODST + Forza 3 = :D

Edit - I actually think the PS3 price cut will be just $50. The Go will be $250 and cannot see there only being a $50 difference between the two. :/

Truth.  People need to get the $299 PS3 out of their heads and grow up.  The adult world that we actually live in now knows better.