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Tony_Parker said:
I think the main things here are GT5 (which is the ultimate system seller according to history) and the console price.

The console price has been the main factor that limited sales until now. Before last september, PS3 was easily outselling 360 worldwide while already costing more than the 360, so price is definitely the main factor. That's why I think a 100$ price cut could be so huge.

On the other hand, any new MS price cut would be more limited in impact since the console is already very affordable right now...

But you're right, only time will tell, and I could be wrong.

GT4 certianly wasn't a system seller.  Console sales did not seem to be affected in any region by the release of GT4:

Of course, you were probably speaking of the other iterations.