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No, the Xbox 360 is never in trouble. Just what like the previous posts have said, MS has a lot of room for price cuts, specially since they have reduced the Xbox 360 production cost and they haven't have one since August. As for games, yeah definitely MS is holding back a lot of game announcements. Specially because they had a wonderful software sales last year compared to the PS3. That alone is proof enough that the Xbox brand is still a strong force to reckon with for the PlayStation brand.

But enough have been said regarding that, it's a fact that MS still holds the right cards,  it's just up to them to play the right cards just like what they have done last year specially now that the PS3 has the "big three" ready and price cuts in line for a big assault.