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The 360 is one PS3 price drop away from death in Europe. None of this is even shocking, I could have told you this would happen last year. NA won't be getting much better either, and actually I'll bet anyone that even though ioi has the 360 outselling the PS3, the PS3 will have more sales in America come NPD.(March)

There's nothing that anyone, other than internet nerds, really cares about on the 360. It's not the in thing anymore, and the further prices are dropped the more pricing won't matter anymore. If the PS3 hits $299 this year, regardless of whatever release, the 360 will never pass it for any month ever again. This time next year the 360 will be on the edge of death WW.