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Sony would have a big loss selling PS3 at $200.....initially.

If Sony can convince the consumers  to buy a overpriced HDD, there is a chance of even being able to profit.

Also the faster BD drive probably will not add to costs that much. I think that Sony only manufactures the slow ones to maintain all SKUs equal.

Games would be patched to not require HDD install.

Also giving the Plus! for 1 or 2 months would be a incentive to buy the HDD. 4GB is almost nothing.

Those HDDs would cost like $30 to make and they could sell for $100 or more.

 

But yeah, making patches could be impractical. Maybe it's too late.