dude, the PS3 didn't close the gap at all. It's selling just as it used to. The only difference is that the Wii was consistenly selling less every week.
About the price cut: I suppose that a price cut in Europe is immenent. Let's say that they drop the price by 50 euro and the sales will go up for a bit. As for the US, they're on a roll right now selling quite a bit. I'd say a price cut will happen during Q1 2008
Deep into the darkness pearing
Long i stood there
Wondering
Fearing
Doubting.