I would agree with the sentiment that 2 price cuts seems desperate, but I don't know if I count Sony out quite yet. They still have a lot they can do, but I feel their situation gets worse every day that they are perceived to be in a slump. People pick up on that, and if in early '08 when a lot of its big games are getting ready to debut if the public sentiment is that the PS3 is a failure then no game is going to bring them back. So in that regards they really have to do something soon to get headed in the right direction.
Right now I hear a lot of hype and not a lot of delivery. Even the 80GB model isn't out yet..and I have to wonder..how long does it take to slap in a different HD and ship the thing? How many times a month do we get news articles about stupid Sony comments, or news about developers having second thoughts etc.. Those kinds of things mount and escalate the longer they are left unchallenged and with the recent comments about this X-mas not being so important I get the feeling that Sony doesn't feel like they need to make any moves.
The reason I bring those things up in this price cut thread is, because I wonder how many people will be waiting 1-2 years for a console to be in the $300-$400 price range when they can get one now that has strikingly similar graphics and identical games.
Edit: I think sony is still banking largely on brand loyalty, and I hope they are right.
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