Xbox 360 is definitely trying to compete against the ever so popular wii and the blu-ray dvd player + console PS3. Those who havent get any of these console yet, you might want to wait for the price to drop further ;) if not, get a PS3 if you're into hardcore gaming and graphics. Get the wii if you're into casual, fun gaming.
More info on Xbox 360 price cut, @ Joystiq
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