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1. With Sony's current state of affairs, I would say the odds are that a pricecut wont happen until late '09.

2. MGS4 (if you like story heavy games), Valkyria Chronicles (if you are even remotely interested in strategy games), Prince of Persia (it has some Nintendo-like qualities I think) and Ratchet & Clank Future: Tools of Destruction (and R&CF: Quest for Booty (PSN game), very good platforming)

3. Iron Man, WALL-E, Ratatouile and Planet Earth (this one is a nature documentary, 11 episodes of "making your investment worth it". Trust me, if there was anything that was ever worth buying a blu-ray player and a HDTV for alone, this would be it. It is a great documentary, with fantastic images. It is nothing short of jaw dropping!)