I think everyone is forgetting just how long the 360 stayed at its original £280 launch price point (for premium). IIRC it was something like 500-600 days, and has only recently been beaten by the Wii. If MS are truly comfortable with this price then im sure they will stick with it for the time being. The flurry of recent price cuts is them just 'catching up' for not having any for so long, remember the 360 came out 3 years ago now.
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I think everyone is forgetting just how long the 360 stayed at its original £280 launch price point (for premium). IIRC it was something like 500-600 days, and has only recently been beaten by the Wii. If MS are truly comfortable with this price then im sure they will stick with it for the time being. The flurry of recent price cuts is them just 'catching up' for not having any for so long, remember the 360 came out 3 years ago now.