when people consider the price of the consoles they are usually talking about the cheapest possible price. If you have a price drop that changes one of your higher end models to be cheaper but does not change the price of your cheapest model then it will not have that much of an affect on sales and therefore people deem it as not a "real" price cut.
There definitely was a price cut, but it won't have the affect you would expect from a price cut that lowered the cost of the cheapest model.
...