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Griffin said:
This is really great news for Sony, PS3= $600, GC=$150 and they sell the same. I'm truly stunned you people think this is bad news.

 It's bad news because:

(a) Third party developers dont care the relative cost of PS3 to Gamecube just the sales of PS3 against those of Wii and 360;

(b) Gamecube was sold at a profit, PS3 is sold at a loss and PS3 would have to sell hell of alot of consoles to be able to reduce manufacturing costs.  Without doing so they are dropping prices all over resulting in increased losses.

It has to be considered a huge failure that even with the Playstation brand name PS3 is tracking below Gamecube (I have a friend who played my Wii and said next time he spoke to me said he misses playing that my Playstation which goes to show the Playstation brand name was so powerful some people equated it with videogames).