Microsoft's Peter Moore has claimed that Sony's recent price drop for the PS3 has very little worth, Moore claims that it is just a move to offer added value but for the same price. Moore claimed that when he read the words price cut, he expected the system to be priced at $399.

"Interestingly, I didn't see a price cut, and I must have been reading the wrong thing. It's still USD 499 and USD 599," Moore told GamesIndustry.biz in an interview.

"They've added greater value in the form primarily of storage at the same price points."

For Moore, a price cut would mean a more significant drop in price - something his own company has yet to do with the Xbox 360.

"They've added greater value at the same prices. Which to me is not a price cut. I don't want to be anal, but I read "price cut" and I expected to see USD 399," he continued. "When I hear the words "price cut" I expect to see a price cut."