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The Slim release was because people holding out were given a new model a 100$ price drop to send them flocking to buy this.  What reason would the 360 have?  The 360 selling as much as it has - is impressive.  Microsoft cannot be stopped, no matter how many people proclaiming thier business and console doomed or in trouble.  Fact of the matter is - even if they ended up third sometime this century, they're making Sony break thier back - with Sony throwing every pitch they have in their arsenal.

Face it - Microsoft has made Sony - former #1 in the business - writhe and squirm in the pain of competing in the HD console war.  Deny it all you'd like - they did it.