Microsoft plans to be king of the consoles by launching their Xbox 360 this holiday season, but this could be easier said then done. Even though the PS3 is not due out until next year, Sony is pulling all the stops to foil Microsoft’s plans for dominance. According to one source, Sony is planning to make a price cut on their slim PS2, bringing it $100, in order to battle Microsoft’s Xbox 360. A very brave move since the consumer will know that what they are buying is essentially an out dated system. Nonetheless, Sony will not go down without trying to do some damage. This is shaping to be a highly competitive holiday season with one clear winner – retail stores.

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