It's all relative, I'd think. If the PS3 drops the price to $300, but the 360 drops to $200, there's no net benefit for either one. The PS3 just has to drop its price to be close to the 360, the 360 has to drop its price to be below the PS3. This of course isn't counting the total sales (which increase after any price drop for any platform), but marketshare, which I think is what they're going after this early in the game. The big sales numbers always seem to come not only after the prices have dropped but there's a "winner" declared, since people don't want to get stuck with the one that loses (and therefore has less games). This may be different this time around, since the 360 and PS3 seem to be similar enough at this point that most of the big games are cross-platform.
As always, the Wii is in a league of its own, there's no reason to drop the price when they can't even keep them on the shelves. I'm sure however they have a lot of room to drop prices, since it's probably far cheaper than either the PS3 or 360 to produce. Price drops for the Wii will come on the day you see a Wii in a display case at your local retailer - and the following day, and for all forseeable future thereafter, you won't be able to find another one.
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