I think Pachter is right in that if the PS3 sees a price cut again next year. Then so must the PS2. One more price drop, and Sony will force a cut throat price war. Microsoft will follow suit, and Nintendo will have to follow suit as well. That means one or both of those systems will be dangerously close to the current price of the PS2. Unless the PS2 sees a dramatic price drop at that point. Well the console will finally be done no matter how venerable it is. The newer consoles will eat it alive. Right now its price protects it.
That however is the reason that it probably will not happen. Sony is losing a lot of money per PS3 they sell. However those losses are deferred somewhat by the profitability of the PS2. Increasing the loss on the first, and dramatically decreasing the gains from the other is not a sound financial decision. Further more it will spur next generation investment on the part of consumers depleting somewhat the licensing fees generated by the PS2.
While the Sony loyalist might think this is great news finally consumers moving to the PS3. The reality is these consumers will be up for grabs. The other two consoles will have better libraries, better price points, and thanks to the removal of backwards compatibility by Sony they will have little incentive to stay brand loyal.
While it is possible Sony would have to be supremely desperate as others have said. Financially at that point it would be smarter to adopt a survival mentality, and accept the situation. The level of risk is almost profane for this to happen. Better to wait till the PS2 is gasping before making the move.
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