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whatever said:
If the PS3 manages a $100 price cut, it will blow the 360 away in 2009. In the end, the PS3 will finish ahead of the 360.

 

Except that the cut, if it comes, will be a firesale, and they will stop producing new units. Then in late summer they announce they have stopped production (already stopped for 6 months though) and then drop the price further to clear out the small supply left in the channel. Basically, Sony is strapped for cash  and killing the PS3 might be the best way to stop the bleeding. The horrible downside is that their brand will be destroyed.