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Dodece said:
Let me see if I am getting this correct. Sony is going to drop a four hundred dollar limited edition bundle at the same time they are going to offer a price reduction. That makes little to no sense.

Hmm, is it possible Sony could release this LTD bundle and enjoy sell through for a couple of months and then, as the LTD's availability dries up, introduce a $299 console in September/October?

The pricecut doesn't have to happen at the same time as E3/launch of this LTD bundle; this is what you are struggling to comprehend.