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Gamerace said:
Super Slim (at lower price)
Xbox price cut and $50 with two years service plan. OR they could really go nuts and give 360's away with a three year plan. That would hurt Nintendo.

If that monthly fee was like 15$ with Live Gold included I can see that being a threat. 

15 monthly x 3 years = 540$

Xbox console + Live Gold for 3 years = 430$ (I'm considering about euro pricetags here)

Microsoft could still rack in a ton of money while getting people hooked on Xbox live and brainwash them to pay for online for X720 when upgrading without monthly fees.