What Does the 360 Price Drop Mean for Sony?

[NeoRatt]

I think the price drop is more about putting final nails in the coffin of the PS2 then on the PS3. PS2 is still selling decently and this price drop may help people reconsider that purchase over a NextGen 360.

I would expect that PS3 sales may fall slightly, and 360 sales will grow decently. But, I don't expect 360 to go ahead of PS3 in Europe because of it. Sony's brand name is really too large to beat simply by a price drop.