The price of the Ps3 is a great price, extremely reasonable conidering what you are getting inside the machine. If someone feels that it is too expensive for them to buy, then they don't really want it that much do they? They just want it for a few games and not much else, and if that's the case they'd be better off buying a 360 arcade.
I was happy paying top price for the Ps3 back when it launched because it had the kind of hardware I wanted. I payed extra for my laptop to get more RAM and a btter gfx card and more processing power.
I don't think sony need to lower the price, I don't think it'll have a huge effect on sales figues, it would have a negative effect on profits, the Ps3 is selling fine as it is.
Expect a significant price drop when the cost to make a ps3 drops, like the new cell chip. So I wouldn't be getting your hopes up. More likely we'll see a 50-80$ price drop happen in the summer.
