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Sqrl said:

Guys, $100 price drop a year is not reasonable =P

Here is the US Price History of the PS2 from Wikipedia...

* US$299.99 (October 26, 2000, release date) (CAD$449.99)
* US$199.99 (May 14, 2002) (CAD$299.99)
* US$179.99 (May 13, 2003, "temporary" pricing) (CAD$249.99)[1]
* US$179.99 (August 18, 2003, official pricing)[2]
* US$149.99 (May 11, 2004) (CAD$179.99)
* US$129.99 (April 20, 2006) (CAD$139.99)

-18 months to cut $100
- another 7 months for a $20 unofficial cut which was made official 3 months later
- another 11 months for a $30 price cut
- and finally another 23 months for a $20 price cut.

Summary Points
- 28 months (2 years 4 months) - Total Cuts - $120
- 39 months (3 years 3 months) - Total Cuts - $150
- 62 months (5 years 2 months) - Total Cuts - $170

If we look at this and understand the PS3 won't follow the same path but it will follow the general path it's reasonable to expect the PS3 to be $260 in January of 2012.

What does a wildly successful console (PS2) that started at $300 have to do with the 3rd place console (PS3) that started at $600? They aren't even in the same ballpark.

Compare, for example, the GameCube. The price had been halved ($199 to $99) before 2 years was up. Is it inconceivable that PS3's price would be halved by 2 years (2008) to $299?

The price to manufacture the PS3 will keep going down and down every month. Just because PS3 has more DOLLARS to go down doesn't mean anything really. Obviously the mass market is speaking: PS3 is not worth it at this price.

Also, there hasn't even BEEN a PS3 price cut. The price remains $499/$599. LOL.