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It needs a price cut..

Go on Sony, you bet the farm on the thing, it's no good getting cold feet now.

Throw the dice and let them fall as they may.

I predict if Sony cut the price now there will be a large shift to PS3 not only by gamers but also by Devs. The Xbox will try to cut price to match but will probably start to look a poor second choice.

I predict if Sony do not cut the price of the PS3 then the gap to Xbox will start to widen and its exclusives will find greater favour in popular culture due to the increased userbase.
Sony will all but guarantee themselves last place in the console war.