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It's more of a:

Sony pricedrop: Many more consoles sold
Microsoft pricedrop: a few more consoles sold
Nintendo pricedrop: prevents fewer consoles sold

And those reactions aren't too far off, the PS3 price drop has increased sales dramatically, the 360 numbers were boosted slightly, but no where near the PS3, and I think we can expect a moderate increase in Wii sales, but only to 2008 levels without year-over-year growth really.