I agree that a $150 cut is necessary, as it needs to be priced below the PS4 (and without Kinect to not cause a huge loss), to seem like the right value for what it offers. The word is already out that the PS4 is more powerful, and not just by a slim margin, like last gen. Of course, it's mostly going to help them in NA. I would imagine sales would equal or be slightly above PS4's sales there, if they did drop it. They will still sell poorly in Japan, and EU is still Sonyland.
The only problem, though, is MS isn't going to cut that low. Not yet, anyway. And by the time they do (maybe next year), it will be too late. It would also be enough time for Sony to be able to get the PS4 down to $349, which would make the cut useless, as they would be the same price.
