The next PS3 price cut will probably be in 2011, when the real "PS3 Slim" will be released. My friend working at GS says Sony prohibits them calling the current 120 / 250 GB the "PS3 Slimline."
This Fall, I think MS will cut the price to 150/250/300 for the Arcade, Elite, and Ultimate (250 GB), respectively.
I think it would be better if Sony did another $50 this year and another $50 next year.
No, I don't think Sony will overtake the 360 next year, or until the Xbox 720 is released. However, I think Sony will sell more units lifetime than MS will at end of production of each console.
"Naturally the common people don't want war: Neither in Russia, nor in England, nor for that matter in Germany. That is understood. But, after all, IT IS THE LEADERS of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is TELL THEM THEY ARE BEING ATTACKED, and denounce the peacemakers for lack of patriotism and exposing the country to danger. IT WORKS THE SAME IN ANY COUNTRY." --Hermann Goering, leading Nazi party member, at the Nuremberg War Crime Trials
Conservatives: Pushing for a small enough government to be a guest in your living room, or even better - your uterus.