Microsoft has a lot of room to make crazy moves. They are selling certain bundles for $399 in the fifth year of the console.
I think if this happens like I think it will, September - December will be epic for the Xbox 360.
September: Pricecut! at least $50 for the Elite + Halo Reach bundle. Huge marketing campaign.
October: Natal Release, bundled with every console sold. Fable III Release. Gigantic marketing campaign.
November: CoD next
I think it could be like this.
The overkill would be a redesign. A Xbox 360 slim + Natal + price cut + Halo Reach + Fable III + Gigantic Marketing campaign.^^
Imagine not having GamePass on your console...