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With Nintendo claiming Wii will not be getting a price drop i think SONY will wait till late 08 before they use a $50 price drop to bring in those on the side-line.

Mircsoft will be forced drop the price of 360 in North America, Australia, New Zealand, and Japan soon(as in the next few months) or they will lose the growth they have had this year ...

Wii obviously dosn't need a price cut and Nintendo dosn't like dropping the price of their console anyway ( look at DS...)