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I'm sure Sony is working hard to find a way to drop the price of the PS3 without leaving Sony so far in the red they can't repay their short term debt, (which is the main problem for Sony right now).

Good news for Sony is it looks like credit markets are actually lending again so Sony should be able to refinance their debt, which should allow a price cut. But they may choose to wait until next year and hope the Yen stabilizes a little.