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DonFerrari said:
EpicRandy said:

At this point I think it is more a battle over not being more expensive rather than a battle to be cheaper.

Microsoft probably does not want to take a loss and Sony probably want to cash in on it's brand recognition.

Funnily enough, if they old back price announcement longer still, they might both end up pricing their console at $499 over fear that the competition would be cheaper while both would actualy have wanted a $599 price tag.

That is essentialy the same, they want to charge as much as possible but not being more expensive than the other is the same as being cheaper =p

Well it's the same reason for holding up on price but not the same result. In one scenario one console would undercut the other by $50-$100, the second would see the 2 consoles at the exact same price no matter who goes first.