Nope! At least not where I come from. None of my friends who play games (about 40) even consider buying the 360... They all have PS3s and/or Wiis. Actually, those few (about 2 or 3) that have a 360 only borrows other peoples PS3s or Wiis, or are waiting to buy one for themselves...

This is how it is where I live, and I don't care about how it is any other place =D

most of the sells come from the arcade, more than 60% of them.

if a expensive article can sell on par to a cheaper one, shows how the more expensive one it's more wanted.

Recent NPD: Avg sale price in the U.S.A >$260

fantasyland? man living there full time must be harsh i here rent is killer.

on serious note though it does seem that the PS3 should have more pent up potential as price point saturation was reached ages ago at current price point. all they are doing now is stiffling sales while holding out for inventory clearing.

it well sell well no matter the price drop, but a 100 dollar drop could sustain it for a year with more dramatic change (I dont buy the 13 million moved this physical year) 

both cases (50 or 100) should lead it to beat out last years numbers by 1 million+

a new form factor and no price drop will stimulate sales short term though it does not address price point saturation it avoids the issue by artificially increasing demand  if this is all that happens expect the ps3 to tie, or just under last year, but i can not see sony doing this unless they have a terrible 2 quarter. 

the 360 is suffering from price point saturation but not as badly and mainly on the higher end units moving them down with out a true price drop will mildly stimulate sales for the rest of the year and should just top last years sales say 500K or so more

however if there is a true price drop expect it to also beat last years numbers easily 

also have you ever been to any college campus? Ps3 is the only console that is a rarity in these environments (proportionately speaking all systems are here in healthy numbers even ancient systems such as NES )

note, god i cant wait to move off a campus if it was not so cheap to own a condo near campus i would have moved closer to work ages ago, the parties girls and beer are nice, but for the love of god i like to sleep more then one night a week. 

Many walls of text for nothing here.

PS3 costs much more than 360 and still sells roughly the same worldwide, so of course people value PS3 more than the 360.

That's Marketing 101.

^ Sorry you just failed marketing 101 with that comment. You can reapply next semester if you want.

Wow, now I really see I'm wrong. /sarcasm

If I sell 100 products at 200$ and my competitor sells 100 products at 400$ for a merchandise of the same kind, isn't it clear people want MORE his product than mine ?

Otherwise why are half of them paying 200 $ more ?

Can we still agree that 1+1=2 ?

No

there are things such as perceived cost, price point potential, consumer confidence, trained discounting, and a whole  host of other things that go in and effect how a unit is sold. 

MONEY MONEY MONEY.. must be funny.. in a rich mans world

1- Wouldn't be 1:1. Unless the price dropped to the same price of the the Arcade( unlikely) or close. 

2- Wouldn't be $199 and you still have the Elite. There would still have a price discrimination.

3- The exact elasticity? No you can't, but with enough data you could estimate an equation, if that's what you want. And I bet it would be favourable to the PS3.

But that doesn't matter, as this is only a net discussion, nothing academical. Sure I would like to study this matter more deeply, but I don't have the time, data or the money to do that.