The 360 is probably getting a price cut pretty quick next year. I imagine they'll first see how strong sales will be after the holidays, and go for a cut as soon as they don't like what they see. I have a feeling it might be very soon, although surprisingly good numbers might make them wait for or after GTA4.
The Wii will probably get a price cut first in Japan, as that's the weakest market at the moment. Probably early next year, unless Wii Fit really gets things going again. Don't think any kind of cut will be necessary in the US or Europe for at least the first half of the year.
I don't see the PS3 getting a price cut before Q3 08 at the very earliest, and probably 09. They were losing record amounts of money already, and then cut the price by $200 in a very short time. Sony is not a gaming company, and they're going to try and make money with the PS3, as hard as it's going to be.
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