A price cut on the Wii right now would be a bad idea; it's already dealing with a shortage, and making it even more affordable would increase the shortage. The word from MS is that the 360 is also having a shortage (though given their sales level, that would be due to a drop in production rather than actually selling out), so a price drop there wouldn't be a good idea either. And an argument against a PS3 price drop is that they're still loss-leading; losing even more money per hardware unit would not help them.
I cannot come up with a compelling argument for dropping the price of the Wii. The 360's sales have been in a slump, so a price drop could help them. As for the PS3, right now I think the main barrier to its success is its reputation more than its price.
Sky Render - Sanity is for the weak.
