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kowenicki said:

It wont happen and and it wont need to happen.  Ninty have a year to themselves in the next gen.

To be fair, they have a lot to compete with in that year. The PS360 lineup (GOWA, GOWJ, GTAV etc.), the buzz around the other consoles (likely announcement around E3) and their possible release later on is a lot to combat. 

A price cut around november if Sony and/or Microsoft release their system next year would be a smart move provided Nintendo can cut the manufacturing costs enough by then.