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TheSource said:
Gamedaily is reliable.  I put this in the news section.  Do we think Microsoft will react?  Will Nintendo?

Nintendo - Has no reason to react since the PS3 is still in a different price range than their system and the Wii is still selling out so they have no reason to cut the Wii's price.

Microsoft - I would have said yes if asked this same question yesterday but since they made their announcement of a 3 year warranty and the fact that it'll cost them between $1 billion - $1.15 billion I'm not so sure they will have a price cut this year.