That's thread whining, please don't do that for your own sake.
Yep, for the Xbone to gain any sort of momentum, the price needs to be at least $50 cheaper than the PS4 as consumers aren't stupid enough to realise that at the current price-drop, they are still paying for cheaper hardware.
This price-cut will not have any major impact for the above reason combined with the timing of it - June.
People don't buy consoles in any great numbers in June, especially if there is no software, exclusive or otherwise, to move it in that month. That, and the fact that the PS4 will be boosted by sales of Watchdogs and very likely TLOU: Remastered too in June/July.
As a result the price-cut's impact will be lost in a cocktail of consumer apathy, poor timing and rival software.