I think so. It happened in Europe yet it didn't do a thing to overtake PS3 sales, except for one week. This may give them an advantage in the USA but we all know it didn't do anything in the 'other' and 'japan' sales charts.
This is a move microsoft is doing to expand it's american sales base but it needs more than just america to win. This is the wrong time to cut the price. The right time is near christmas when people actually buy consoles to go with the cool games that come out then...but right now? what cool games are coming out now to go with the 50 bucks you save with the 360?
It's a marketing attempt to post those "Now $50 bucks cheaper!!" to make people think it's worth it and it'll die down after that...that is until that new "SKU" is coming out which will then have "NEW XBOX 360 SKU ON STOCK!!!"
there's only so much a small price drop and new sku can you do...
what is this SKU#5 now? and then the rumoured blu-ray equipped 360, which would be #6?
too much confusion is bad for the consumers who think something is new and improved when it's the same thing
