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Sounds like a solid plan, personally if the PS4 is already profitable to them and I were them, I would drop the price to $299 for the fall if I can ramp up production. Increasing the install base without taking too much of a hit should be paramount for any console cause when you think of it a console is a 6 year service. The sooner you can get people hooked into your service the better.

Honestly, what i would really do is not just drop the price to $299 but also make a disc driveless SKU and sell that for $199. Then sell a blu-ray drive add-on seperately for $120.