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ckmlb said:
It will definitely be that low and probably lower too. There's no way a console is gonna be 300 dollars at the end of a generation. The cost of making the console decreases massively as the years go by and price drops are possible.

To those saying that it won't happen pointing to the PS2, that has absolutely nothing to do with the PS3's price drops. PS3 will have more price dropping because there is more to drop, simple. It's not that they didn't drop the PS2 price further because they couldn't, it's because they didn't want to.

The PS3 came out with tech that was really expensive (blu ray player specifically) this tech has already dropped in price in a huge way this year (blu ray players have fallen to half the price they used to be), the price will drop significantly over time.

 I agree but the end of PS3 life would be like 6-8 years? By then Wii will be 99$ and Xbox360 150$ for sure; not to mention maybe Wii2 (if it will have been replaced) 250$. IMO Sony doesn't need to severely lower the cost; everyone knows that by buying a PS3 he gets the most powerful and gadget-y console ever; they need to persuade us that it's the future. That's it's an essential purchase.