The gaming industry is in a slump. Sony's loaded their hopes for a rebound onto the back of the PS3 Slim, but what are Microsoft and Nintendo going to do? The Slim is selling out in the US, and there are even rumors of a 250 GB Slim under production. Both Nintendo and Microsoft are going to want to let some of the wind out of Sony's sails before the holiday season hits. But how?
Microsoft may already have made their big move. They are rumored to be slashing the price of their Xbox 360 Elite down to $299. With the Slim out and PS3 prices down, the Elite is now the costliest system out there. There is evidence that Microsoft has been planning this cut since information about the Slim first leaked out back around E3. A price cut alone might actually be all Microsoft needs to do to continue beating Sony in sales.