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jankazimierz said:
How come the PS3 got such a huge boost from lowering their price to $299? But the 360 lowering the elite to $299 doesn't even cause a bump? Have they not officially lowered the price yet?

Because the 360 has had a cheaper unit available for a while... in fact, I believe there has always been a $300 360 available (core unit).  I'm guessing there are quite a few people who simply refused to buy a gaming console for more than $300, regardless if it had Blu-ray, the CELL, wings, headlights, etc.  Many people just want a Wii, 360, or PS3 to play games.  Some people are attracted to the so called "value" of the PS3, but not everyone.