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Nintendo Zealot said:
I don't think Sony will have another price drop until January 2009. Sony knows 2 things for sure at this point.

1) PS3 will eventually beat 360 world wide

2) PS3 will never catch the Wii in any region.

They know they will be second no matter what so now they are focusing on profit. To maximize profit they will try to squeeze as much revenue out of Holidays 08. If they drop the price they will eat away a lot of their potential profit. PS3 will have plenty of demand over the holidays so there is no reason to drop the price any time soon.

 Well said.