http://www.gamespot.com/news/6193650.html?...estnews;title;0
"In the past, such moves have sparked tit-for-tat price wars. In 2004, Microsoft dropped the cost of the original Xbox to $149, only to see Sony do the same to the PlayStation 2 weeks later. Last summer, Sony discontinued the 60GB PS3 by pricing it to sell at $499--a move that was quickly followed by Microsoft discounting its Xbox 360 models to $279 (HDD-less Arcade), $349 (20GB Pro), and $449 (120GB Elite)."
"In the past, such moves have sparked tit-for-tat price wars. In 2004, Microsoft dropped the cost of the original Xbox to $149, only to see Sony do the same to the PlayStation 2 weeks later. Last summer, Sony discontinued the 60GB PS3 by pricing it to sell at $499--a move that was quickly followed by Microsoft discounting its Xbox 360 models to $279 (HDD-less Arcade), $349 (20GB Pro), and $449 (120GB Elite)."