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MGS4 will lift PS3 sales for one NPD month, then in July go back to similar levels we have now. Thus, no need for the X360 to respond.

What's far more interesting regarding a X360 price drop is the increased sales in Europe due to the price drop over there. If we're to believe VGC data, the increased sales are very impressive more than 2 months after the price drop took effect.

MGS4 will have nothing to do with it, but I believe we'll see a $50-70 X360 price drop in late summer because of the nice effect in the US last summer and this spring in Europe.