I don't really see ms cutting the price on the 360 this year. They're making a billion a year in profits, raping the ps3 in the Americas and UK, and only slightly behind in Europe. I don't think they're worried about Japan and the emerging markets as anti-americanism {not referring to Japan here - talking MEAA} isn't something marketing or pricecuts is going to overcome anyways.
The only way I see a price cut is if sales start dropping significantly yoy or if they announce the nextbox.

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