There will always be articles that claim a company will or will not reduce the price of a console, but that doesn't really relate to whether a company will or will not reduce the price of the console ...

Microsoft is (probably) in a pretty good position to reduce the price of the XBox 360 further, although I'm not too sure I would expect any major price reductions. Personally, I would expect them to reduce the Arcade to $179 and the Premium to $250 in 2009, and then to reduce the Arcade to $149 and the Premium to $199 in 2010.

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unfortunately this time its overall electronic division isnt performing as expected

wtf is "league of pain" ?

Things don`t look good for Sony...2009 will be a good year for both the 360 and ps3,so...good for us,i think :)

The article said , "slash its fiscal 2001 profit forecast in half, from more than $80 million to $42.4 million today."

Note the word "profit"? The difference between this article and the current situation is that SCE was still making a profit, not building up $3.3 billion in losses.