June 4th total year to date data:
Xbox 360: Up ~16.7% from 2010
Sure doesn't sound like this needs a price cut.
PS3: Down ~8.6% from 2010
This is defiantly down some, but it isn't in desperate need of a price cut. Current rumors suggest that a price cut may accompany the revised PS3 that may come out later this year.
Wii: Down ~37.9% from 2010
This is why the Wii needed a price cut so desperately. It's sales have been dismal to say the least so far this year.
**Percentages were obtained by taking this years number and dividing by past years number.
Money can't buy happiness. Just video games, which make me happy.