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Why should Sony cut prices right now? They are certainly going to outsell the 360 for the calender year of '08, and are keeping up with the competition, even though the competition is half the price. They have a great holiday game line up and the PS3 will sell fine this Christmas. The price cut will come soon enough, probably sometime around spring.

Personally, I think they should leave the price alone and cut the price of there games to $45 us dollars. I have a 60 gig launch and I have spent way more on games than the $600 on the console. I doubt this would ever happen, however.