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First off, i gotta say i agree wholeheartedly with madskillz.

Second, i've said like a trillion times that "Buy a PS2" is not a solution, most people don't wanna mess with cables all the time, or play without upscaling on their HDTV (YOU are the ones saying that HDTV adoption rate is rising not me).
Also with the PS3 emulation you can play with wireless controllers.

Third, what makes you think that Sony can drop their PS3 price THAT fast? I mean, Microsoft hasn't even lowered their price by 100$ and the 360 is in the market for more than 2 years.

Don't you think they'd like to make profit off of their console sales sometime?