Saw the price drop e-mails last week at GameStop, I wasn't terribly surprised. This after MS drops the HD-DVD player price and offers 5 HD-DVDs, it'll be an interesting format battle. My money is still on HD-DVD because of the porn factor. Just like beta and VHS, it'll eventually happen. Sure Blu-ray is a better format, but Sony is greedy and it'll get the better of them again.
360 does have the better set of titles this year, I won't be buying a PS3 any time soon.