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And things I would probably remove:

  1. Wi-Fi adapter and sell a seperate one like MS does.  Not everyone will buy one but it does cut the cost $10-15 and will make a lot of money for the people that do buy one.  The genius of that is parents will buy the cheaper one and then find out they need that expensive adapter.
  2. No game or movie packed in.  Many PS3 SKU's seem to have a movie or game packed in, don't do that if you want to cut cost.  If they need to, they can just throw demos preloaded on there.
  3. Smaller Hard Drive.  Again, doesn't cost them much to put in a bigger hard drive but it's a good way to make a small cut.
  4. SIXAXIS instead of DS3.  Yeah, the SIXAXIS is shit but it's cheaper than the DS3.
  5. Two USB ports instead of four.  Another small cut but every little bit helps.