Yes I am aware Microsoft said they have no plans to follow suit on the recent PS3 price cut, but in my opinion it was only to keep 360 sales going at a steady pace until Microsoft is ready, say until November. 

- They said at E3 that they plan to be the best selling console this year. They are more then a million behind PS3 so im sure they notice this.

- They also claimed this year to be their biggest year ever. With 360 sales no longer being greater YOY since the 360 Slim last year caused sales boosts during the same time in 2010, and with the newness of Kinect wearing off now, they need something else to cause a boost....say another marketing campaign AND a price drop?

- We are already seeing signs in minor regions. Australia and recently Brazil have received price cuts. 

Personally, my theory is that they want Gears and Forza sales to sell on the current 360 price points until November. Since COD is what Microsoft really cares about (lets be honest, its the biggest selling game, multiplat or not), they will implement a price cut before it hits. As a side effect, it will also boost Halo Anniversary sales to a lesser degree. 

By doing a $50 drop on the 4 gb 360, it will match the Wii's price. A $50 price drop on the 250 gig 360 to match the PS3 price point. A $50 price drop of Kinect to break the sub $100 barrier for many consumers. Now the beauty is that a $50 drop on standalone 360 and standalone kinect will mean (hopefully) a combined $100 price drop on the kinect/360 bundles to $199 and $299 respectively. If Micrsoft really goes the whole year without one, I will surely be surprised.

Any predictions of your own?

MS doesn't need to cut the price 360 will just outsell everything because it has the most good games

I don't know. I don't thing there will be a price cut TBH. There may be one on Kinect but I can't see one on the 360.

Certainly there will be a price cut. Every sign points to that, one of them being slumping Kinect sales.

xbox_360rules# Can someone ban this fanboy already?

ontopic# Microsoft dosen't really need to make a price cut. Selling good and soon the kinect will get some sales again and boost the 360 sales.

they have a $400 COD MW3 bundle.... so no.

I don't think so.

They have kept sales up and higher than PS3 with simple bundles.

We'll see more bundles and some awesome Black Friday sale prices. Nothing permanent.

In Portugal it already price droped this year to
4GB from 199 € to 149 €
and
250GB from 259 € to 219 €

idk i dont think we'll see price drop but

added value to the 4gb, 250gb gets axed probs goes on sale for $249 then to be replaced by the 320gb to match sonys 320gb also at $299

i think they need to price drop the 360 by $50 this year, will be there 6th holiday of sales. they cant meet there goals for worldwide sales without a price cut and the system needs a shot in the arm and also kinect needs a price drop as well, a $50 price cut would along with the 360 itself a price cut would make it #1 this holiday worldwide in hd sales. with ease i believe. without a price drop the 360 will be in for a battle with the ps3 for the holiday leader of sales for hd systems. i think the 3ds though will take the #1 spot though, handhelds seem to thrive at the holiday season more than any other time of the year.