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With the recent drop in price for one of Sony's Blu-ray players to $499, I think it is almost safe to say there will be a price-cut for the PS3 this year (I look forward to Gballzack eating crow ).

But, even so, a PS3 price-cut would pretty much guarantee a 360 price-cut, no less than 50 bucks. If it's 100, a core 360 could be had for 200 bucks. Either way, I think the 360 will be the bigger benefactor of the GTA effect.