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It depends on what Microsoft does.  Probably next year 2012.  That's what I voted anyways.  It really does depend on what Microsoft does though, and they tend not to drop prices until necessary.

The people saying Xbox is $100 cheaper though, come on, it's a crap unit with a four gig hard drive.  Cant even download DLC with that.  The 360 and the PS3 basically cost the same price.

The PS3 may have 90 less gigs, but at least it's compatible with external hard drives and accepts any SATA drives as well.  And it has Blu-Ray.