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CrazzyMan said:
Now seriously, when MGS4, KZ2, R2, LBP, GT5, T6, FFXIII, WKS, GoW3 will be released on PS3, nothing will help x360. =))

price cuts didn`t helped GC/xbox, why would help to x360? a mystery. =))

As for the XBox, the price cut was made in order to catch Sony. The PS2 price cuts led, and MS had to cut just to keep up. Coming just months after the system launched, this really hurt their production costs, and didn't have as much of a benefit as it's shiny new library paled in comparison to the PS3. Now, a 360 price cut could give an even more significant price advantage (possibly more than $100) over the PS3, and likely would not cut into profits as much as the console costs must be considerably lower 2+ years after launch. Then add on what is currently the best library of this generation, including the biggest non-packaged game (Halo 3), and what is perceived (fairly or not) as the best online service, and it becomes a much more attractive package.