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A lot of people here are so obsessed with the "console war" that they forget that Sony's goal is not to finish second, but rather to make money. Sony can't afford to keep losing money on every hardware sale, but they can afford to finish third.

 

If they could afford a cut in March, they would probably be able to afford it now (when it would do more good). So don't expect one in the first half of 2009, and don't be too shocked if the price stays the same all through 2009.