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Ail said:

Sony has done a very good job at handling their price cut compared to what Nintendo did on the Wii a few months ago.

Less than 2 weeks from the cut and the sales number hardly dipped.....

In the area I live, several shops have had special sales of various PS3 units/bundles at reduced prices (about half of what is to come) within the past few weeks. Might have happened in other countries, too. Also price reduction rumours are usually just that and are not reported in the news so people simply don't know.