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I'm really torn on this. I predicted earlier this year that the 360 FOR SURE wasn't going to cut price and I thought the PS3 probably wouldn't either in order to keep profit margins high.

Now that Sony has officially price dropped I'm really don't know on what to think MS will do. On one hand I could see them reacting with a $50 cut soon in order to stay competitive in continental europe where Sony is slaughtering them, but then on the other hand I could see them riding the wave of Gears, Halo, Kinect, CODMW3, and Battlefield will give it this holiday and cut price by $100 next year.

The $50 cut will not be enough for the PS3 to consistantly outsell the 360 in NA but I'm curious how big the difference WW is going to grow.