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Here's the question for all of you to think about.
The ps3 and the 360 are 299$.
With another price cut, most likely the PS3 will be 249 and the 360 will be 249 as well. If sony drops the price to 199 after another set of components, microsoft will as well. Now what you have is 200$ HD machines.

They both have motion controllers and they both have HD abilities.
I strongly think that will take market share away from Nintendo.