There's an article at IGN.com about a supposed Xbox 360 price drop for the premium edition that may or may not happen before this year's E3. The amount is $50, which would bring the premium price down to $299.99.
I'm inclined to think that this will actually happen. Most people who want an Xbox 360 already have one. To keep the system moving, a price drop is necessary to help sway people who are still on the fence about what they want to buy, or just starting to play video games. A $299.99 price point brings the Xbox 360 closer to Nintendo's $249.99. It probably won't put much of a dent in the Wii's sales, but it's a start.
Now if only they could eliminate the red ring of death....
Sony on the other hand, probably can't afford to cut the price of the Playstation 3 again, at least not too soon. I'd expect them to extend the "limited edition" Metal Gear Solid 4 bundle if anything, but I can't say they'd drop the price of the system by another $50. MGS 4 is providing a much needed shot in the arm for SCEA. Now they just need to get their act together and release other exclusives like Playstation HOME to make the PS3 more attractive. All these delays aren't helping.
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