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Never. It is teh done and buried.

The 80 Gig, if it's not cancelled, will hit $499 in 2008 (outside chance of 2007).

If the PS3 hasn't turned around it's fortunes by then, I would not be suprised to see the 80Gig hit $399 by Xmas 2008. If it goes any lower than that, it'll almost surely be a DC-type panic move.