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superchunk said:
Considering the Xbone is coming in at a staggering $500, they don't need too. The X360 is already 1/2 that price and a good lower tier price point.

PS3 needed to drop to match X360 core as well as be a good margin below PS4.

Vita/Wii U frankly just needed it.

This, and may I add the only reason they would want to drop the price of the 360 is if they wanted more 360 sales and less X1 sales... (which makes no sense)