In mainland Europe, this will make little impact. They are already buying the more expensive PS3 over the 360, price reduction might help it but won't save it.
In the UK it might but 50Euro is only like £35 as stated, if they reduce it by £50, that seems a desperation to me, £25 is more likely in the UK.
And after all this, Sony could just announce a Price reduction of £25-50 in April and sell thousands come the launch of GTA4. Though they'd be losing money still, they lost money on the launch anyway, don't think they'd mind.
A price reduction on the PS2 would be fantastic £50 for a PS2? It'll sell millions more.
EDIT: @MrMarc
£240 Elite? It says 50Euro not £60. Although if they do, it would prove a huge boost to UK sales.
Hmm, pie.







