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I think both 360 and PS3 will have price cuts (as well as Kinect and Move price cuts) but the 360 price cuts will have a bigger impact since they will get their consoles into the impulse buy territory.

With continued huge momentum from Kinect, I think 2011 will be the peak year for 360 sales. I think MS will sell about 1 to 2 million more 360s than Sony sells PS3s in 2011. I expect PS3s to be up on the year as well but only slightly. Wii sales will continue to decline as consumers move onto HD game consoles.

Predicted 2011 worldwide sales:

360: 16.5M

Wii: 16M

PS3: 15M