It would be dependent upon a major software release like Gears or Halo, which is not surprising.
I'm not even sure a permanent price drop would do the trick as we've already seen the non-effect of a $100 discount in the form of a de-bundling. By the time MS drops $50 off all SKUs, SCE will probably in a position to do the same as they're already in the process of lowering the BoM of the PS4.
EU sales will still make it a difficulty, even with a major software release, paired with a special edition bundle. While it's not a given, we could be seeing MS give away a lot more titles in the future with said bundles as they did with Titanfall and NFL 15 and the upcoming Sunset bundle. Whether that has a significant effect on console sales really has yet to be proven for the XBO.
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