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If they drop the price, then yeah, but it won't be by as big of a margin as it was in 2008. Through dropping to 299 and completely rebranding the ps3, Sony has raised the baseline sales of the ps3 significantly, and that'll hold through the holidays. Plus they'll have GT5 for Europe.

That being said, I don't think Microsoft will drop the price of their console. Bundling Natal with every sku and possibly increasing HDD size seems like the more likely scenario.