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http://arstechnica.com/news.ars/post/20061116-8239.html

one place where they talk about the production cost of a ps3 but that was over a year ago and prices have gone down but prices for ps3 also have come down so that may off set the lower prices for hardware to some degree, also people saying that they took out a few things (which is bad, I would want everything...) which reduces the cost as well.

Few months ago there was talk on how sony lost all the profits from ps2 in making ps3 (promotions,production costs, etc..), so sony is losing money on ps3 but maybe not so much anymore.