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Um no, I think if Sony cuts the ps3 price to $199 then xbox won't have a chance, but that's if they cut it that much. I'm thinking more of a 50-100 price cut. Plus I don't think mw3 will help the xbox sell more because the last I checked COD sold only 2-3 million less on ps3 so it's a big hit on ps3 too. I also think uncharted 3 will give a little boost to ps3 sales for a week or 2. But, even if Microsoft follows Sony with a price cut I think a ps3 cut will have a bigger impact than a xbox one.

Plus if vgchartz is close on it's 2011 console sales, the ps3 is ahead of the 360 by 800,000 I think. If they are right and if the ps3 keeps selling above the 360 by 30,000 for most of the year than Microsoft is gonna have to pull off a miracle to beat the ps3 worldwide. If the ps3 outsells the 360 for the rest of the year till the holidays and then the 360 sells more during thanksgiving and Christmas, they would have to sell a crap ton over ps3 to win worldwide.