What's the point of a discless sku? You take out a $25 drive and sell the sku for $100 less? Why would shops sell such an sku if they can't sell softare with it?

That's unlikely to be true for USA, and it's almost certainly not going to be true for the rest of the world. Mostly because as Xb one price drops so will PS4, though I expect Xb one to eventually close the price gap as Sony will be able to afford to have a slower rate of its price reductions and thus make more profit from hardware.

The UK (2nd strongest 360 territory) belongs to PS4 unless MS can somehow get Xb one down to at least 50 pounds cheaper than PS4. That's highly unlikely to happen, mostly because I think Sony won't let it happen. Sony might wait until Xb one is same price as PS4, but then PS4 will match Xb one price drop for price drop.

I expect Xb one (with Kinect) will be $/GPB/EUR50 cheaper by holiday 2014.  PS4 will still be at launch price, probably first price drop mid/late 2015. Though perhaps holiday 2014 bundles will be launch price so you get a free game.

I think you mean close the NA gap since PS4 is in the lead and will keep that lead barring a surprise price drop tomorrow. 

At the moment the opposite is true?

With Kinect included, the Xbox One has a variety of features that are not available to the PS4.  It also currently has better games, and a lineup that is arguably stronger than the PS4's.

Certainly the PS4 is marginally more powerful, a gap that appears to be less meaningful than that seperating the PS2 and Xbox.

At $100 more expensive, its quite simple to argue that the PS4 is an easier purchase.  At the same price, feature for feature, the PS4 becomes a much harder sell.

It would still be the same price for a weaker console. So it would help some, but not enough.

all that extra processing power would go to waste without the kinect

I doubt it, mostly because people have already learned that the PS4 is the better system for third party games. If they released it very soon, they come close to PS4 numbers due to a slightly larger exclusive library, but if they wait until the holidays like the rumors have suggested, then it's very unlikely. By then Sony will have several big AAA exclusives on the market (inFamous, The Order, MLB, and possibly GT) plus all the indie and big third party titles that will make it the far better system overall. Microsoft seems to be more focused on 2015 at the moment, and still don't have much lined up for 2014 yet beyond Quantum Break, maybe Halo 2 AE, and maybe Forza H2. Those will all sell respectively but not be real hardware pushers like GT, Infamous, and The Order. The only reason why I'm not listing Titanfall is because I feel that the XBone version sales will be severely damaged if the rumors of being on par with the 360 version are true. More people will most likely buy it on 360 if that's the case.

Whilst I agree that Forza H2 will not be a hardwear pusher, why on earth do you think the Order will be?

 101K preorders in the US alone, and we still don't even have a solid release date or even gameplay. I can see that game skyrocketing in hype one those 2 things happen and inFamous releases. Given the PS4's quickly growing install base, and that being the first genuine next gen exclsuive beyond inFamous, I can see that game pushing Gears level sales LT.

No. It is weaker and perceived as inferior in almost every respect by the general public. It SHOULD cost less. If I were MS I would try as hard as possible to make the Xbox One $300. Disk Drive, Kinect, whatever. That is what it will take.

It is half as strong and the price should reflect that...