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Means nothing to me though. I'd need the Xbox One to be seriously undercutting the ps4 price before I'd consider one. If PS4 is £349 then Xbox One needs to be £279 approx. I have no interest in Kinect and really its about which is likely to have better exclusive games (ps4 because its more of a world console) and multiformat (because ps4 is more powerful). I'm not motivated at all to get a Xbox one unless its significantly cheaper than ps4 because of these issues. Also I'm a ps3 and vita owner so PSN is going to be great value. I don't subscribe to xbox live so the xbox one will only offer limited functionality like single player games. Again

I'm sure this price cut may create a temporary blip/increase in sales but I don't think it will put the Xbox One back in the race. I expect the ps4 to continue selling at a far higher rate and I still see it moving further and further ahead. The PS4 still represents superior hardware at the same price.