A $50 dollar drop is already a lot, considering the weaker dollar... This means the 360 is cheaper in USA than in Europe again.

Imagine the 360 at $299 with Halo 3 and another game. That would be a great value.

I hope, this will make Sony to drop PS3 by 100$.. =))
That would be awesome. )

Anyway, since ps3 was outselling x360 or selling on pair in NA, this move pretty logical for M$.
BUT that will make (proabably) Sony to make a pricecut, ps3 at 400$ is a GREAT value, at 350$ or 300$ it will be even GREATER. =)

I would not expect another price drop this year. A bundle with 2 games for the holidays, like last Christmas, would be awesome.

imho the cut will be similar to europe so : 199E Arcade model, 269 Pro and 369 for Elite.

I predict +100% sales with 80$ price cut.

 I hear this thrown around a lot and it has never made much sense to me. After living in Europe for a little over a month now I can safely say that a euro goes about as far as a dollar does in their respective areas. Which is worth more internationally is only important to those traveling internationally. What I am trying to say is you would have to give up an equivalent amount of goods to get a 360 in both economies if the sticker price was the same number. It will make more money for Microsoft in the end if it is sold in euros rather than dollars, but it won't hurt the person buying it anymore.

Only fifty bucks?

Hrm. Guess Microsoft is being conservative.

 Unless you want sony to lose even more money I dont think they should yet..

They should wait till the end of the fiscal year for the $299 price.

This is good, more gamers are going to get their hands on a great system. Hope the PS3 see's a price cut soon too. I would love to get my hands on one, especially for the Blu-Ray Player.

$299 is still too much for a secondary console for me. $199 or bust.