1. Well we already know how MS has responded by putting the Elite at $300 to keep their high end sku at the same price at Sony's lowest one. I doubt they'll have anything else but hey I'm up for surprises.
2. I'm not sure about Nintendo. They obviously have known this was going to happen and they know their sales have gone down as of late. They might feel price may be a part of that issue and if they didn't then Sony may help to show them that. I think many are feeling they'll announce a price cut at their usual fall conference and that seems likely now.








