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People are calling for price cuts because sales for the PS3 and 360 are poor.

If someone wants a PS3, they can most likely afford one. It's a problem of perception: $400 for the system doesn't seem to give you as much value as the Xbox 360 gives you, and the Wii simply has so many games that appeal to so many people now that lots of people want it.

Consider that more people buy expensive ($300-$400) IPODs than PS3s. A lot more. There's no question about the perception of Apple's value, because people find the Apple product very attractive and very functional. Never mind that it only plays sound, and that you can get an MP3 player for 1/4th the price.

Sony could get huge sales if the PS3 was perceived in a similar way. The problem is that there just isn't enough games and there aren't enough Blu Ray movies, and people don't see enough value from Blu Ray movies.

The easy fix, of course, is a price drop.  Some people ar e getting tired of seeing their console languish with poor sales.