Taken too darn long. A tiny single $50 price cut in close to 3 years, is virtually unheard of, in the console busines. The original XBOX had a price cut of $100 in just 6 months, and the PS3 had a $100 price cut in about 8 months after luanch. The 360 on the other hand, didn't have a price cut till after 22 months, and even then it was only $50. That is longer than the PS2, Gamecube and XBOX took to get their price cuts last round, and they were not selling for $400, to start off with like the 360 was.
Having said all that, the long waiting period before a price cut, allowed the 360 to become proitable, even as the PS3 continues to rack up huge losses.

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