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ZenfoldorVGI said:
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If that's true, then Sony is missing an opportunity. They could drop the price this year, and crush the 360. They may never get another chance this great again.

 

They had this chance a few weeks ago. Analysts were worried if the Xbox 360 is loosing steam compared to the PS-3.If they would have answered to the drop of Xbox 360 with their own price reduction they would have give Microsoft a major headache. That they didn't react in this manner is a clear indication that they are probably not in the shape to lower their prices.

And now they are no longer in a position to do suich a thing. Currently all companies take a tight look at their cash, due to difficult credits. Such a move would probably need a significant credit, but which bank will give you such a credit at the moment with a cheap rate?