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pokoko said:

If margins allow, I think a price cut should be announced at E3 or another conference, and should coincide with the release of a top level game, like Killzone: Mercenaries. If they could manage it, which I kind of doubt, cutting the price for the release of Soul Sacrifice in Japan would be a fantastic time.


This.

If I were Sony, I'd ride out the end of the fiscal year (March) and call it a write off.  Japan is getting some good games in March anyway.  Then cut the price with a big game - for example, western release of Soul Sacrifice OR Killzone Mercenary if it's ready in time, by April/May.  Start the new FY off with a bang.

Problem is there's not much coming in April/May in Japan that we know of that would go well with a price cut.  All the big stuff is in March.  They kind of need it to coincide with Soul Sacrifice/Tales of Hearts, but I don't see that happening.