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MS are going to have to give the 360 a big price cut at some point if they don't want it to run out of steam (heh) early. They have been barley supporting it for years now (in terms of major exclusives), so a price cut in the next year or so will probably be necessary.

Add in the next gen being on our door stop and both the PS3 and 360 are going to need to come down. They cost too much compared to their successors.

Edit: Just realized this comes off as a bit flamebaity, which wasn't my intention at all - was just giving reasons why i think both need price cuts sooner rather than later.