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dsgrue3 said:

PS3 will pass 360 in sales regardless of what price it is.
360 cuts = PS3 cuts.
Sony isn't stupid anymore.

That is some flawed logic there.

360 cut price to $99 = LONG OVERDUE PRICE CUT. Can still remain profitable or break even from hardware.

PS3 price cut to match the 360's = Another major loss for Sony per console sold. Big losses again on their financials which they cannot afford.