Yes, it should do well, but it would do alot better in the same package at $249 (or $199). Mentally, those are much easier price for casual gamers to manage. I could see another $50 price drop for the 360 coming before years end.
wow i already have a 360 and i want that just based off the box art, if thats real microsoft sure did a good job with the box art and conveying the message.
It might help kinda depends if the 360 drops in price another time this year when PS3 does. It might be tempting if it was $230.
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