How long will it be until Microsoft counters the PS3 price cut?

[sguy78]

Skeeuk said:
how much can they cut? thier hardrive isnt the same as ps3 ones, they are more expensive.

elite is $299 same price as ps3 now, so i guess they will knock it back to $249

This is what I think they will do. Being the same price would not steal very much of Sony's thunder.