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Depends how the price cut is. If the cut is only for the "16 GB" than I foresee a 10-15% increase only. If the price reflectance on models with HDD to start at $229, I see a 50% increase in sales. If the console however hits $200, that would demolish all sales, where we can see levels rise 200-300% of where they are.

It's already the best selling console, but a price-cut plus redesign would be monstrous for Sony's sales. They can see 15-16m units for the year with ease. But $200 for a 250 GB PS3 (w/ redesign), that might be asking for to much at this point. Surpassing their own forecast if they do go this route. No doubt in my mind.