Here we go again. We now have a market analyst reporting to CNN that he expects drops to $129 from Sony and MS very soon and an additional drop to $99 before Labor Day. This analyst is also expecting to see Xbox2 ready in 2005. While I tend to disregard what most people like that spout off, I would love to see some price drops as it would heat up the competition once again. I spent part of the day debating the legitimacy of these claims on the PA forum and I think there were some very good points raised so feel free to read that thread if you want to know what the general consensus is on the topic.
I imagine that we will hear something official in the near future should those rumors have some factual basis to them.