If they cut the Wii to $30 I may consider purchasing one

Too expensive, wait untill it's $15 at least. ;)

the 360, though MS my try the value added approach its long over due to hit the next level down. 149 for 4g non kinect, 225 for 250 non kinect, 275 for 4g kinect and 350 for the 250 + kinect.

edit i just dont see how sony could afford one right now. witht the euro sliding under thier projections for the year, and it could slide much further a price hike seems more likely there, the dollar has sunk just a bit but not much vs the yen, but i dont think they could loss on the profits made there if any, 

really what sony needs to do is somehow get the bank of central bank of japan to debase its currency which is not going to happen 

If a price cut is all X360 and PS3 have to offer to make those systems more compelling for consumers this year than I think the holiday season will belong to Nintendo (which I am more than fine with as long as I don't have to buy my Wii U from EBay at inflated costs)

This generation the time for price cuts has been moved to late summer. Console manufacturers would rather make some extra $ on the consoles sold during the slowest time of the year and get the boost close to holidays. The wait until late summer softens the revenue blow. I also think that E3 is more about the games and gaming technology not price adjustments.

I think you hit the nail on the head there