Losing kinect and dropping the price is a win for gamers... But don't pretend that Microsoft is happy about it. They were forced to sell their console for basically $299 before the 1 year anniversary. Again great deal for gamers, but the Microsoft suits can not be happy.
No choice really, if they dont try they will lose tons for sure. If they try maybe they wont.
Between a rock and a hard place with no easy way out.