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As long as the sales of the PS4 stay at these heights there is no reason at all for SONY to drop the price. Nintendo is probably much more of a candidate to drop the price to reestablish the price difference between them and their competitors.

Seece said:
Bargin bin ... dear lord. $400 to $350 a year after launch is not bargin bin, and I hardly see this hurting MS/XB1 ...

A 500$ to 350$ in 2 steps in a 1 Year Timeframe maybe ain't no bargain binning, but it is an acknowlegement of Playstations superiority in sales and a last ditch ressort to try and catch up to them. Heck, they didn't even manage to pass the always doomed Wii U yet in sales (which ain't shipping!) and possibly won't even do so this year even with 2 consecutive price drops.