I think we'll see a new 45nm SKU with 120GB or maybe even 160GB HDD (they're now the cheapest sized HDDs) in Q3 '08 but without a price drop then (as they've said previously, they don't drop home console prices during the summer, but they may give "Added value", which doesn't necessarily mean game bundles). There's a possibility of a small price reduction on any remaining 80GB SKUs, but if they plan it like they did with the 40GB - 80GB changover then probably not.
I think they'll then drop the new main SKU price in Japan to ¥29,980 in Q4. In other countries it will depend on the exchange rate. For example, I wouldn't expect much of a price drop in UK if current exchange rates remain the same, but the Euro price could drop by a bigger margin. SCEE seem to be in a better financial position than SCEA too, so this could also influence how much the price gets dropped in each country.
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