PS3 worth it now or wait? (for me that is)

[kn]

I am still looking at the PS3 150 off deal with a credit card...  With tax  and free shipping, it comes to about $395 for a 60 gig.  I'm looking at a few good games on the near term horizon that I'm really interested in but I just can't decide.

Here's why:  I don't have an HDTV yet.  When I do I'm going at least 42" LCD -- probably 47" and given they are still 1500 bucks it won't be for a while.  That makes the blu-ray not terribly important (for now).

There aren't any games at the moment that I would purchase day one so I'd be buying to because of the price (which will expire end of August) and for games looking forward.

When do you think a PS3 of any flavor will reach $399?  March next year?  Not until holidays next year?  That is a big question.

I have a 360, PS2, and Wii, so I have a lot of options in terms of games to play at the moment...

If it's likely there will be a $399 ps3 flavor early next year I'll wait.  Otherwise I might just go ahead and pull the trigger and sit on it until the games I want (or think I want) arrive.