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Well I cant wait to see the AU pricing now. Seeing as it used to be $600 vs $550. XBO should now be cheaper.
Also the WiiU premium is $428 and has never received a price drop like it did elsewhere.
This could be just what MS needed to pursue people like my brother (360 owner on the fence) to go XBO over PS4.
Although MS will still need a strong E3 showing of course.

edit: seems EB already has it up for preorder at $500, now $50 cheaper than PS4. Wonder if any retailer will start to make their own bundles with the stand alone XBO now.