I think its coming as well, I´ll give it a 80% chance, today after reading that Microsoft is trying to go tward a 200$ core model
http://www.megagames.com/news/html/console/xbox360tocutpriceandfollowwii.shtml
the same side quoted direktor of product management David Hufford that it will not come before X-mas
http://www.megagames.com/news/html/console/nopricecutsforxbox360.shtm
still they remark that microsoft might be trying to stop rumors so the current sales don´t suffer, in my opinion it is very likely that more denial means a price drop is more likely, the big question is will MS be greedy and wait till Sony dropps the price or will they try do take some money loss in order to put Sony between a rock and a hard place, since MS usually goes for the long term win a price drop is highly possible in my opinion.
