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I would be the most shocked I've been about anything in this industry for at least the last couple years if they cut the price to even $350 from a market leading position this summer.

And the tricky thing with undercutting manufacturing price is the loss just gets bigger and bigger the more popular the device becomes. You'd have to be very confident you could make that back up in other profits.

All things considered with the amount of gaming money and time I have I still wouldn't come close to buying a brand new system to play $60 games on and subscribe to online for anytime soon, but if they price drop again at that rate it could get in the tempting territory soon...