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madskillz said:
I think you are missing a couple of points.

First, what if the 360 price cut, coupled with GTA IV doing better than expected slows PS3 sales tremendously?

Second, what if the PS3 is being bought feverishly by folks who were waiting for the end of the HD format war?

Third, what about folks buying the PS3 with those bigger than average tax refunds and rebate checks?

Add those factors in, please and call me in the morning.
How would GTAIV, a multiplatform game, slow the ps3's sales in any way?  It will only boost sales for both consoles, 360 price drop or not.

And your third point would have an equal impact on sales of both the 360 and ps3. 

Of course, I'm not saying I agree with DMeisterJ's prediction. :P