For anyone who might be holding their breath for a PS3 price cut this year, I wouldn't... The Black Friday ads are already posted for most of the major Retailers... There are several sites such as bfads.net and others that already have Sears, Best Buy, Toys R Us, etc. and they are all listing the PS3 80GB console at $399. If Sony was going to price cut this year I imagine they would have already done it as it is already a bit late for the price cut this year with black friday is only 10 days away and I don't think Sony would want to make a price cut AFTER the biggest shopping weekend of the year...
I'd say it is really anyone's guess at this point when they will do it. I suspect Sony's efforts this holiday will be blu-ray promotions on stand-alone players to perhaps get blu-ray devices up the adoption curve. They generate royalties and underpin the whole reason the PS3 has a blu-ray in the first place...
One thing is for sure -- they won't announce it until they are ready to cut the price right then. If they say -- hey, we're going to cut by $100 in 6 months, they won't sell much until then...