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Kenology said:

The Wii won't have a price cut anytime soon.  We already know that - IWATA SAYS. Plus, I want the PS3 to get another price cut next year around this time and be cheaper than the Wii. That would be so awesome.

I'm not sure if that would be awesome or embarassing.

Considering the xbox 360 is already cheaper than the Wii and fails to outsell it despite better "value"

If the PS3 gets cheaper and still doesn't outsell it, it would be pretty embarassing considering it "does everything"