June 13 - 2:25pm EDT   EEDAR analyst Jesse Divnich today said that an Xbox 360 price cut or model change is very likely to take place by the E3 gaming expo next month. The researcher doesn't point to specific sources but is confident that Microsoft will either drop prices on the consoles at the event, introduce at least one new version, or combine the two in a single update. It's unknown whether Sony will follow suit with the PlayStation 3, though the company is predicted to respond to any Microsoft cuts with one of its own within two months. [full story]