Does anyone still believe in a major turnaround this gen?

[Bitmap Frogs]

You assume any ps3 pricecut will produce permanent effects based on what happened after the last 360 pricecut.

Every 360 pricecut before did not produce permanent effects, it was only when they reached the 199$ pricepoint that a permanent uplift happened. That's because 199$ is the sweetspot for videogame consoles. While a ps3 pricecut will undeniably produce a spur in sales, 300$/350$ is still far from 199$.