Here in France, the price cut is widely advertised(mainly through street ads panel? sorry I fail to find the proper english word), Ms advertises mainly the arcade @199 euros.
But they miss the killer apps, we will how strong they push the GTA IV bundle (which is obviously on its way).
But they have a pretty healthy presence.
If we speak of the TV ads, I guess Sony ads are better, the product looks classier multi purpose (and mysterious), they push the BRD capability and it becomes more relevant now (even if I'm sure that a lot of consumers weren't aware about the state of war between hd-dvd and brd).
Ms ads are about games so they pretend to have the best games BUT they completely fail to present the 360 as a package, online integration and all that comes with live arcade, demos, (patches...
) pc interoperability, etc.
Wii spots present persons playing (lot of girls and some guys), Nintendo successfully relies on identification from its costumers, Sony try to give its product some ""mystic" with really creative/conceptual spots, pushing the
"high endness" of the ps3, the brd capability, MS spots fall short..
their leitmotive is "les meilleurs jeux sont sur 360" best games are on the 360".
This maybe true (so far), but the product doesn't look high end attractive, nor they manage to create a universe (mystic) surounding their product as Sony, they're not trying to force identification aka nintendo, demoing friends playing and discusing online if not exotic would give a better idea of the console capability (especially as this fonction is still to be introduced on the ps3 or has been really lately ..memory issue).
In my opinion theirs ads are lame, "the best games are on 360" doesn't sound as good as EA "it's about games" and EA wouldn't dare do its ads only around this slogan... if you see what I mean... their creatives / marketers might be also encountering supplies issue (sorry for the bad taste joke).
Far from inspirational...