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It would be enough to weather the storm for a year until the Natal bundles arrive.

In the end, however, it'd be a $299 120gb 360 vs a $299 120gb Slim. For the first time price parity on the main model would be achieved. Blu-Ray and wi-fi would give the ps3 the advantage here, imo.

I think sales would be in the ps3's favor in the run up to November, then over November and December the Arcade's favor with parents might give MS the victory, then the ps3 would come out on top for most of 2010, until MS starts selling Natal bundles with heavy marketing in the Fall.  I believe the Natal bundles will still be $199 and $299 respectively.  They'll try to tackle both Sony and Nintendo with Natal.