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I'm not suprised that the PS3 is not getting a price cut anytime soon. They are still losing cash on the system since release, and with raw material prices increasing thanks to the credit crisis (as well as finding it difficult to find anywhere to loan cash from for major projects) I wouldn't be suprised if they are losing even moreso. Added to that, recession brings along doubt of expensive investments, so the PS3 is at a major disadvantage there as well.

Personally, I think it would depend on how long this global crisis continues before we see anything happen with the PS3 in terms of pricing.