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I'm 90% positive we won't see a price cut on either console; as for Xbox bluray, this is not happening, it would push their price above or equal to sony's(they are losing in monthly sales and are currently 100$ lower). They have also kept rambling about digital distbution so I don't think Blu-ray is on their minds. The PS3's unveilings will be minmal this E3; if there is anything big, it will be something for the far off future; ditto for M$.