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Basically puts the consoles in line with the current prices for the Xbox 360 here in the US. Which makes one wonder if a price cut is coming for other markets. $150 dollar drop is significant, especially considering the that the value of the Aussie dollar is almost equal to the US dollar. It's like Canada - Part II, that is Canada's currency had always been significantly undervalued compared to the US, now it's about even with it.