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As the title says, a price cut is the only thing that can help at this point.  The ps3 has been gaining a lot of marketshare, and has several enhancements for 2010, a lot of added value and the extra source of revenue with the PSN premium stuff that we'll see soon. 

The PS3 is sprinting ahead.

 

Natal?  I dont see a lot of people buying a $150 add-on, or a $300 console that was supposed to be a cheapo deal in the first place.  Natal is just overpriced, is focused on a market that the 360 really doesn't have; casuals. 

The only thing left is a 360-slim and price cut.  For the 360's sake they need it.