I can see a few issues with a price cut of such large magnitude.
1) Existing users ragin': Thankfully Nintendo has offered them a lot of free games as an apology, so this point isn't really valid in this situation
2) Product is seen as "cheap": If you weren't "in the know", wouldn't you be asking yourself why Nintendo dropped the price so rapidly? It could make people see the 3DS as a flawed piece of hardware.
3) Not much room to drop it futher: Each price cut boosts sales, so wouldn't you want lots of smaller price cuts to boost sales regularly?
4) Similar price to DSi: If they're trying to make the console seem different from the DSi on the shelf, they're hardly helping their cause by making the prices almost the same.
Am I mad, or are these valid concerns?
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