IF this is truly a $50 price cut worldwide, and not just in Europe, then yes I think it'll have a big effect.
360 is probably already killing PS3 in America (since shortages ended, I noticed at my Best Buy 360 outselling PS3 like crazy). There really is a lot of demand for 360. Now add a cut on top of that?
It wont be the end of course, but pretty soon it might be "the end" of PS3 ever taking #2 behind Wii in America, although that point has probably already passed.







