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I just don't see any reason to lower the price of the system at this time.  Sony can wait, it's not like people aren't buying.  But, it's so expensive that if people don't buy it, there's no room for a price drop.  Maybe in two years.  You guys have to remember that the inital cost was somewhere around 850 dollars.

And trust me, you want to be in last place with something like that.  Can you imagine if they sold out like the wii did on those first few days loosing so much per system?  Now that it's cheaper, it's time to let people buy it, and drop the price sometime in the future, but, hold out for another 2 years at least before dropping the price.