Lets not create twenty threads about a price cut....I was sick of it yesterday. Also find it funny some people don't see the parody of this thread.

Also CGI I know you will see this sooner or later, this is what I was talking about price competition. X company does it, Y Company follows.

TC, you can't be serious. Wii offers a different experience, you won't find many people who would switch the Wii-Mote and the Nintendo games for HD games and online play just for it's price. On top of that the PLaystation brand is very powerful, I think the Xbox has replaced the Playstation brand in the USA but in Europe and Asia a cheap PS3 will outsell a cheap 360 even fi it's the Elite model. I own a 360 myself and not a PS3 but you have to stay realistic otherwise realism will hit you in the face while your dancing with the fairies.

Not a price cut, more of a phasing out. Maybe they will introduce a $250 Pro model if they make an official announcment which would have a greater impact on the PS3.  A $299 360 have been availble for a year now, so this can't be MS only move...

I don't think the OP is serious; mostly just taking the piss out of all the Sony domination threads.

An Elite at $299 will not do much against the PS3 alone but coupled with the arcade it will still keep the value proposition going. It will not stop the PS3 from selling a lot more for a short while though. Lob $50 off the arcade and boom you got some serious competition.

Does the Elite feature free a online service where you can play all of its games against other people and download ll of the demoes and trailers they put on it immediately or do you still have to pay $50.00 a year to do that?

The PS3's online service and the ability to play games against other people and immediately download all of the new trailers and demoes they put up on it is free out of the box.

Also does the Elite allow you to play the latest HD movies with absolutely no wait time if you live in an area where there is only one ISP provider due to the co-op law and a 512k connection speed costs you $30.00 a month or do you have to wait for 10 to 20 hour downloads to see them in such an area. Such lengthy download times for files was one of the reasons I think my original 360 died of rrod.

With PS3, you can buy a blu-ray disc at Wal~Mart and have it be immediately playable with no lag time or stress and strain on your console from having to make it download movie files for such a long time.

You also get free HDMI cables out of the box with PS3. Is Microsoft putting them back in the Elite's box after they said they were removing them a couple of days ago?

Finally, are they now going to give free 360's to people whose 360's break due to rrod no matter how long it has been since they purchased their consoles? If not, then they should because they designed rrod into the thing to be able to sell them on the cheap. Last poll I saw said the 360's failure rate had grown from 44% to 54% instead of shrinking while 90% of PS3s don't break.

^^^
Does the PS3 let you have a good voice chat system? D: There are so many dos and don'ts of both consoles, so there's really no need to come in thumping your chest. :P

For anyone wondering, this is confirmed. Look on the home page.

      I think the ability to play blu-ray movies, play the best Japanese games, and have free versus $50.00 a year online trumps a good voice chat system anyday.  Besides, I don't have a good voice for voice chat.  I remember the last time I got on xbox live and people started ridiculing my voice, so why would I want voice chat?

Games that involve team work involve it, and not using it makes your team that much crappier.  The real question is why wouldn't you want to have a manly voice so you CAN use voice chat? ;)