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As I've said before the price of the game is probably irrelevant. For any PS3-only owners (which will be most of them) the game is simply another new release and therefore a normal price will be expected. However, in the UK it is not even selling at normal price, I got it for £30, £10 cheaper than usual.

Regarding the point that the port wasn't worth it, my understanding is that they ported the game in order to make Bioshock 2 a viable release on the PS3 having already decided to release the sequel on the PS3 at the same time as on the PC and the 360.