Keep in mind that the Xbox dropped in price only 6 months after it launched due to it being the latecomer in the last-gen race. The PS2 had been out for a long time already, and the Gamecube was cheaper, so if Sony decides to lower the PS2's price, then Microsoft has to also (which is exactly what happened), even if it meant a price drop after 6 months.
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"A Darwinian attacks his theory, seeking to find flaws. An ID believer defends his theory, seeking to conceal flaws." -Roger Ebert
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