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What people don't seem to get is that even with a $299 slim, the 360 will be at least $100 cheaper and will mostly likely get heavily bundled. Given the economic situation, most holiday shoppers could care less about a $299 slim when there is $199 360.

If all of the wishes of TS come true and MS does nothing but make the elite the pro and bundle the arcade, Sony is still going to lose in the 2 relevant markets, NA and EU. Instead of the slaughter that will happen if there is no PS3 price cut, it will just be solid victory.