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Jay520 said:
That's a moderate cut. Nothing too massive. We'll see how well the PS3 does in the next couple of weeks. I don't think they cut they price enough. $50 isn't really that big of a drop off. I could see them dropping to $199 early next year.

I think 50$ drop is enough. I'm buying one today. :D

 

@boutros

The 200$ barrier really just represents the average weekly buying power of the gamer demographic.

The average income circa 2005 for a 15-24 year old is about 13,000 dollars after taxes. This roughly translates into a 250$ income per week. 

What this means is that if someone is broke, and gets a check, they can go out, buy a 200$ system and a used game, putting off buying peripherals. When the system is 250$ it means a week of saving, which is difficult for the demographic as christmas or a birthday or graduation might be right around the corner, so "why bother". But you're right, a  50$ drop might not do as well as a 100$ drop, but hey, it's enough for me since I'm getting one tonight. Hopefully 250 is the new 200, in terms of spending ability.

Sorry to explain it to you, I'm sure you don't need explaining, but someone reading the thread might. Just useful to clarify that it's more than a mental block, it's a financial one that clashes with a cultural mentality about spending and saving.