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Avinash_Tyagi said:
^If MS were to drop the elite and Arcade by about $50-100 each, then will Sony sit back and do nothing, that's the question, so that's why I say spring 2010 is a possibility for PS3, although I think Fall is more likely myself

Fair enough. Although I think that would be a foolish move on MS's part. Perhaps if they cut the price twice, once in spring and once in autumn, but slashing $50-100 of the 360 early in the year would leave the holidays open for Sony to counter.

In my opinion, both companies will wait until late next year. MS possibly cutting it with Natal, and Sony probably holding out as long as possible to try and earn some profit.