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I think that a $50 price cut will happen across the board in late March, and I think that the 360 will outsell the ps3 worldwide from then until the launch of MGS4, particularly during the week that GTAIV hits.

After that, the ps3 will be given a significant boost from it's Summer exclusives (MGS4, Socom: Conrontation, and probably Tekken 6), and the ps3 will only increase it's lead from there on out.

This price cut will be the last hurrah of the 360.