The Xbox360 price will only come down if the PS3 is surpassing all expectations saleswise. The PS3 is more likely to be dropped in price before the Xbox360.
I don't see (official) price cuts for quite a while yet on the 360.
I can imagine there will be bundle offers aroun dthe ps3 launch but considering that the 360 at its current price will be be a good £100 less than the PS3 price (judging by the prices flying around at the moment being £400+) I don't really see why they need too.
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