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whatever said:
Hmmm.

1) The 360 had a much larger advantage game wise in Q3/Q4 last year and it didn't matter.

2) Since PS3 already has all of these, this won't help.

3) This has already been covered in other threads. Its not likely that this moves any hardware.

4) I doubt we'll see a major pricecut. It would cause Sony to pricecut and put both MS and Sony deep into the red.

So I couldn't disagree with you more. I think Christmas will be huge for the PS3. Blu-ray will continue to gain momentum, as will the increase in HDTV purchases.

Of course, the Wii will continue to embarrass both of them sales wise.

 Sony and MS make pricing decisions based on a number of factors including cost of production, perceived demand and market saturation at the current price, budgetary concerns, etc...  With a product like this the price of the competition isn't as great a factor as many PS3 fanboys would have us believe.  Just look at the Wii if you want proof.  It has sold phenomenally, and at a lower price, yet you don't see MS and Sony rushing to get below $300.  Furthermore, the 360 EU price cut elicited no response from Sony even though members here predicted a massice ractionary price cut for the PS3.  Sony will make their own decisions based on their own business model.  The Least important factor in those decisions will be MS's actions.