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Kenology said:

Not at all. The base model being $269.00 is cool but I don't see a $30 price cut making to significant and impact.

If Microsoft should counters with it's own price cut, it's a wrap. And I expect Nintendo to drop the price of Wii (maybe) and that would surely undercut it.

I see better sales for the PS3 for sure, but let's not get too ridiculous.

 

EDIT: So wait... is it true that this new slim model is actually a lesser value and even more expensive than the base PS3 model already available?  If so, what a fail.

Even though the base model is going up by $20 its still a better value since you get 90GB more HDD space and one of the best exclusive games with it Uncharted 3 plus some PSN stuff.  I'm sure that Sony will drop the price once that bundle is sold out and the base model includes no extras.