This generation is over. A $150 price differential on the premium consoles and a solid $200 price tag on the PS4 would be the final nail in the coffin. It would be the ultimate price assault.

Exactly why I called it assault. You're right though.

Microsoft is just getting slaughtered at this point. There's really nothing Sony has to do anymore. Shit, they could raise the price of the PS4 and still win by a landslide.

Not if, but when

You are on a roll lately!

Thank you! Thank you!

True. They might not do it, but if they did. Just damn.

PS4 Pro will definitely be available for $350 this holiday, I'm not sure it'll be a permanent cut just yet though.

The Scorpio is still going to sell pretty well this November. The pro sells one for every five Playstations. Of course it will sell less than the pro, but  It would be wise for Sony to nip the competiton before they hit the ground running (even if the run is short).

Regardless MS remains relevant this gen and beyond. Predict the gen to end with them at 50 million units sold and Sony at about 100 million. That's nothing to scuff at. Sure they lost market share compared to last gen but they have consistently priced outside of mass market pricing ($399 and less) all gen, so the market share drop should have been expected.
Also keep in mind that nothing is stoping MS from price adjustments early next year, and if MS do cut price of the 1X I expect it to out sell PS4 in the states weekly. So don't write off MS yet, this new console makes them competitive in the long run.