Microsoft set to announce 360 price drop at GDC?

With the Microsoft key-note due within mere hours - can we also expect to see cheaper 360's within the same time frame?

That's become more of a possibility over recent days, but today that rumour has acquired a little more substance. It was widely expected that we'd see a drop in RRP of some sort during the early months of 2008 - keeping in mind there were no announcements pre-festive period and with PS3 gathering momentum, now would seem like the perfect time to strike a blow.