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DMeisterJ said:

The point of taking away features and lowering the price was so that people who couldn't afford one, now could.


 It's more like, so people who had decided the PS3 was too expensive would now decide to buy one, and then go to the store and see that there's no $400 model and an extra $100 once you've already decided to buy something isn't so bad.  It's exactly the same bait-and-switch they used when they launched with the 20gb and 60gb models.  And that worked exactly the same way too -- don't make hardly any 20gb models so that everyone is forced to buy the 60gb ones.