I dunno about this price cut; Microsoft *just* adjusted pricing for their product line as to where their best model matches the PS3 in price, but now they seem to be taking it too far. Sure, they want to look like the cheaper alternative, but they're dangerously close to looking like the "too cheap" alternative. The price of a product does, in a way, command a sense of superiority when stacked against it's competition, almost as if saying that "hey, you might pay a little more, but you get a *lot* more for that extra cash."

Microsoft-to me-should honestly be showing more confidence in it's own product, as this rebate offer stems w/ a bit of insecurity on their part, as if the 360 can't match or beat the PS3 Slim's sales if both of them were out there at the same equal price,which...could be true, or not true. Time will tell. But if they are considering extending this rebate thing or-even moreso-reducing the price of the Elite even further, they might as well phase out the Arcade model while they're at it.

I'll take the price cut!