EEDAR: PS3's $299 price to become 'new standard' for next year

Microsoft isn't likely to take today's unsurprising (but welcomed!) PS3 price drop to $299 lying down. EEDAR analyst Jesse Divnich believes Microsoft will follow suit with their own announcement next week, officially killing the $299 Pro SKU and replacing it with a price-dropped $299 Elite model.

Divnich says Sony's price cut "will close the sales gap between the PlayStation 3 and Xbox 360," but doesn't offer a clear "winner" this holiday season. While he says the PS3 is a "superior hardware product," he also draws attention to Xbox 360's "deeper software library and superior online services." Without a disparity in pricing, it should prove interesting to see what mainstream consumers choose this holiday: hardware or software?

Looking forward, Divnich notes that $299 is likely to remain the "new standard" price for the two consoles for the next year. One or both may drop down to $249, but he believes that's the lowest prices can go in the next two years. Instead of continued price drops, Divnich believes both Microsoft and Sony may pursue including Natal and the PlayStation Motion Controller as standard attachments in the future. Is it just us, or does the "console war" seem like it's only just beginning?

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This article was originally published on Joystiq.