I kind of agree, for me the most exciting games being released in the final few months of the year are Total War: Rome II and Grand Theft Auto V.
However, they are both coming out in September, so I should in theory be done with them 2 months later
As for the price cuts, I don't think that dirt cheap consoles are really competing with the new consoles, everyone who would be buying a next gen console already owns a current gen console. It is probably better to get the price cut out of the way this year, rather than wait until next year when you are looking for a wider audience
The one problem is that for people on the fence, they can play the majority of both launch line-ups on their current gen platforms, though of course we don't know how well they will actually run
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