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Do they expect the PS2 price drop to generate more sales than a PS3 price drop of equal value? I don't understand why they didn't drop the PS3 instead of the PS2, but all of this is just off the top of my head.

What was the price of a PS2 before this? Wasn't it only $129? So why were they hyping this up so much? A freakin 30 dollar price cut on an old system? Hooray?