X360 has been pretty widely discounted if not officially seen a price cut in the US. You can still walk in to a lot of stores and get a big old giftcard for free for buying an X360 (this is true of PS3 / Wii as well) so a price cut probably won't do a whole lot. The most impactful pricecuts were in 2008-2009.
People are difficult to govern because they have too much knowledge.
When there are more laws, there are more criminals.
- Lao Tzu