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Sony must cut the PS3 price soon not wait out until before Xmas 2008. Cheaper price represents value people like cheaper consoles. Sorry for all those people who got ripped off by Sony paying $600 US on its launch. Over in Australia it was $1000 AU for the 60GB PS3 model with no games on launch day March 23rd 2007.

Now the price in Australia is $700 AU for the 40GB PS3 model with no games.

People prefer the cheaper console which is value for money, they do not like being ripped off by some faceless corporation.

The Nintendo Wii console retails for $399 AU and includes a game- Wii Sports. Nintendo Wii has not needed to reduce its console price.