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I can see that the fanboy wars are going to be full force the rest of the year.  How many different threads are going to be created about the same topic?  The $299 price point has been beaten to death the last 6 months. 

Of course the price cut is going to help Sony.  No it doesn't help Microsoft's cause.  And YES, the price cut is good for all gamers.  The more systems out there, the more potential buyers of games there are.  The more money developers make, the more games they can produce.  Pretty simple.