Dates difficult to predict. I could see them both doing the price drop either in September or November. I could easily see them dropping the price around select releases. For instance I could see the PS3 coming down along side the Uncharted 3 release on Nov. 1st. Also I could see the X360 coming down in price in celebration of their Halo: combat evolved anniversary edition on November 15th. However, This does not give a lot of time for consumers to purchase at this low price before the holidays. Therefore I am going to predict that the cuts will occur for both consoles sometime in September.
Official Price cut dates and price points.
PS3 Price Cut Date: September 8th
PS3 Price points:
$249 160GB console
$299 320GB console
$299 160GB console /w Move and game
$349 320GB console /w Move and game
X360 Price Cut Date: September 22nd
X360 Price Points:
$149 4GB console
$249 320GB console (I think they will upgrade from 250GB to 320GB HDD. But I could be wrong.)
$199 4GB console w/ Kinect and game
$299 320GB console w/ Kinect and game
