A PS3 price cut would “really boost the industry,” says analyst

[Squilliam]

Actually a Wii price cut would do more. The total revenue in the industry would rise more from a $50 price cut on the Wii than a $100 price cut on the PS3. The Wii simply has more demand and I suspect that any moves on price because it hasn't recieved one yet will cause a significant increase in the quantity demanded and the number of games purchased.