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Gballzack said:
Ironically Blu-Ray is what is killing the PS3.

 I'm glad someone else gets that. Putting Blue-Ray in the PS3 was a huge gamble hoping to give Blue-Ray the push it needed to win the next format war.  If the PS3 had done as well as Sony hoped, I'm sure that would have been a very worthwhile gamble.  As it stands now, I think it's helping Blue-Ray and hurting the PS3.

 

As for a price drop, it's not going to happen soon and it's not going to be $200 like people are hoping, it's going to be in the range of $50-100.  In order for a price drop to happen the PS3 needs to have a very solid libriray and sales need to be slow due to saturation not lack of interest.

 If they did a price drop now or any time before 2008 before any sort of established library that would be a terrible for Sony.  True, it would sell more PS3's but people still wouldn't be buying the games which is what they really need.  So a 2007 price cut is out of the question.

 A 2008 price cut could happen but I don't think it's likely.  All of the big hitters are releasing in 2008 at various times and they aren't going to cut the price so soon after these big hitters.  A price cut would attach more software to the system, but that's software they're hoping to attach anyways from the name of these games.  A price cut could also happen towards the end of 2008 after letting those big hitters die down a little during the holiday season, but once again, systems are going to sell then anyways (hopefully).  So 2008 isn't out of the picture but it isn't likely.

 Personally, I think it will happen in 2009 and it will probably be early 2009.  The amount is probably going to be somewhere in the area of $50-100 and I'm guessing it will be closer to $100.

 

Also, don't expect any big announcements of a price cut until it's a week or two away.  If they announce it any sooner than that it would kill system sales.