The Microsoft XBox 360 is set to drop its prices yet again to $299, that’s £150 to us poms. This Xbox 360 price drop is yet another snub to Sony’s Playstation 3 which is still hideously expensive and is losing a huge amount of market share to gamers.

It seems that the new Xbox 360 price drop could be a real danger to Sony’s dominance brought in by the Playstation 2, unfortunately it seems Sony have not learnt from previous success, and Microsoft has learnt from their failure.

In the original PS2 vs Xbox war Sony won by having a huge array of games available on a relatively cheap console. This time however Microsoft was prepared as it brought out a cheaper console, earlier and with more games. Sony on the other hand brought out the PlayStation 3 6 months later, it was expensive and there was a disappointing number of games,

Now however with the Latest XBox 360 Price Cut it seems Sony will be sent off licking its wounds, as the price of the Xbox 360 console drops well below the price of a mobile phone.

While the xBox 360 price cut has not yet been confirmed by Microsoft officially it seems many people who normally have the inside scoop are well are of the fact and have staked their reputations on it. All I can say is Wehey! Bring on the cheaper console!!