Gaming industry analyst Michael Pachter has come out as he does close to every week predicting the 360 is getting a price cut and as always wii and ps3 will follow.
A Wedbush Securities update distributed this morning said, "We expect Microsoft to announce a price cut at this year's E3 Expo in June, and expect Sony and Nintendo to rapidly follow suit."
report predicts that Microsoft will likely capitalize on the success of Kinect by dropping the price of its core Xbox 360 bundle to "under $300," adding "we are confident that by holiday 2011, all three consoles will be at least $50 cheaper than they are today.
pity short news but news is news.