I looked in several sites and it isn't clear whether the 6cent/dollar losses are only in USA or WW. But even in the worst case, normal cost reduction pace should bring it to profitability in a quarter or little more. In the best case, this means WW profitability even right now, as EU sales are quite close to US ones and EU retail price minus VAT is roughly 20% higher than in US, so largely exceeding 6%.
Right now I wouldn't expect anyone amongst Ninty, MS or Sony to cut prices in the short term, sales are good for all, considering the dead season, and imminent big releases can only better them. And only Ballmer could understand a cut just to try to damage Sony, shareholders wouldn't. Not to mention that cutting XB360 to dirt cheap price and still not only being beaten by Wii sales, but possibly just tying with the much more expensive PS3 would horribly damage XB360 image and "burn" one of the few cuts still available, that could be instead much more effective if wisely timed.
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