I (ironically) have to agree with eugene.
The X360 won't be slowing down next year. The PS3 was *supposed* to sell 5m units on no games at $500-600. Sony has had to drop the price twice, because sales have been so ungodly abysmal.
In the same timeframe of the PS2, the PS3 has floundered, horribly. It took a $200 pricedrop to even get it close to the X360.
The question is if people will buy the PS3 @ $400 throughout next year or not.
Back from the dead, I'm afraid.