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Do you guys think the price cut is going to be good for the PS3?

 Ok, obviously: PS3 price decreases > PS3 sales increase

BUT: 

If PS3 drops $100 then I think X360 would also drop by $100

SONY) PS3 is still at $500! Sales will increase, but how much???

MS) X360 premium is now at $300. Now, I think this would convince lots of current PS2 gamers to jump to next gen. 

While a price cut would help PS3 sales, if MS drops the price as well, I think the sales gap between the two would only widen...