not sure about your locale, but on eBay 360s were going for nearly 1000 throughout Christmas. Trust me, I nearly bought one. Now the PS3 I bought on launch day wasn't worth shyt, as I tried to sell it but couldn't make enough money so I ended up keeping it.
dude the reason I sold a PS3 for like $1200 on eBay on launch day is cause I know what I'm talking about. eBay is nation wide not a local and 360s were doing $700-$800 and the closer it got to Christmas the price fell. i observed this and when the PS3s came out i made sure my auction ended the morning they launched and got maximum profits. Doubt me if you want but the people that talk like you are the same ones standing in the return line with the system they wasted every chance to get a profit on trying to be extra greedy.
You might wanna research the 360 launch and eBay cause the stuff you're saying doesn't match what actually happened. when it got into December i was passing on selling them because the profits dwindled too much.
and mind you this was back in the day before eBay raised the shyt outta the fees. I'm not touching eBay now I'm gonna leave mine on Craigslist and if i can't move it there at a midnight launch i'll offer to let someone pick it up if they buy me a game and beyond that i'm just gonna post of Facebook that a friend can pick up the system at no extra charge..