No. The PS3 40Gb (now the 80Gb) model is the entry level system. They have already stated that they will not reduce the price this year. They are effectively giving you more for your money though.
$399 - 80Gb
$499 - 160Gb and $70 worth of games
I can see the 160Gb model replacing the 80Gb model next year, and I can also see the 80Gb model as well as a few games for $399 for Xmas...but Sony cannot reduce the costs at the moment. They are wanting to recoup some cash first and foremost and then they will reduce the price. There is no way that Sony could effectively half the cost with a new SKU. They cannot remove BluRay and cannot effectively remove WiFi. I fully expect the consumer to get more for their money rather than get the unit for less money.
So maybe see a 80Gb games pack for Xmas for the basic $399 with a 80Gb unit, maybe an extra dualshock as well as a few games.
Prediction (June 12th 2017)
Permanent pricedrop for both PS4 Slim and PS4 Pro in October.
PS4 Slim $249 (October 2017)
PS4 Pro $349 (October 2017)
