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VGC might be undertracking Xbox 360 by 500K at least.
1.55M unities on shelves are too much, MS wouldn´t over produce and ship the 360 when the signs are clear that the public is read to jump into next generation.

On the other hand, this might explain why there are so many 360 on every retail in Brasil, and we are seing a lot a prices drops here (around 20%)