IGN: PS3 Slim to Cost 260 GBP?

[starcraft]

DMeisterJ said:

starcraft said:
That would be 40 pounds cheaper.

It would certainly shift some consoles, but it wouldn't be an explosion. And if Microsoft responded with a price cut, they'd maintain their lead and both Sony and Microsoft would lose any short-term sight of profitability until an economic recovery.

Oh soothsayer, what do you have in store for me in the future, since you can predict it so clearly?

Oh hey you're back

Well, based on past European trends this generation, I'd say my prediction is quite likely to be accurate.

When Microsoft made a small cut there was minimal medium term impact.  On the other hand, their big cut worked wonders.

If this report is accurate, Sony will be making a small cut, which will have a reasonable effect (because there is strong PS brand recognition in Europe) but one still limited by the small nature of the cut.  If Microsoft counteracted that cut, it's reasonable to assume that any ground-making effects of Sony's cut would be negated.