Sony only makes a very slim profit on PS2 hardware right now. Same with Nintendo on the Gamecube. So I see the price cuts coming slowly, and only being 10 and 20 bucks, until it gets to that 50 dollar price point maybe 3 years from now. Final shipments will comfortably top 130 million.
"[Our former customers] are unable to find software which they WANT to play."
"The way to solve this problem lies in how to communicate what kind of games [they CAN play]."
Satoru Iwata, Nintendo President. Only slightly paraphrased.