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I really don't see it happening in this calander year ...

Sony has to report a profit on their gaming division for fiscal 2009, and with how close to losing money they were on their last quarterly statement they simply can't afford much of a price cut. If their holiday season goes really well and they move enough hardware and software that they will easily turn a healthy profit on their year end statement I could see them reducing the price of the PS3 early in 2009, but I would still expect them to wait until (fiscal) Q1 2010 to make that price reduction.